Markets Reduce Transactions Costs _____

Multiple Choice

Markets reduce transactions costs _____

A) by decreasing the time spent searching for information about goods and services.
B) only if they have a highly structured set of rules like the New York Stock Exchange does.
C) because each market uses the same set of rules for buying and selling goods and services.
D) only when the government coordinates the plans of many buyers and sellers.
E) when prices are set by the sellers and are not determined by negotiation between buyers and sellers.