What Are Transaction Costs

Multiple Choice

What are transaction costs?

A) The costs incurred by buyers and sellers in agreeing to and executing a sale of goods or services.
B) The costs that the government must pay to allow for an exchange.
C) The costs incurred by buyers and sellers in agreeing to and executing a purchase of goods or services, excluding transportation costs.
D) The costs that the government incurs to create a structured market for the exchange of goods and services.