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The More Complicated the Process Used to Produce a Good,_____

Question 48

Multiple Choice

The more complicated the process used to produce a good,_____


A) the greater the transaction costs of organizing production through markets.
B) the lower the transaction costs of organizing production through markets.
C) the less likely a firm will use administrative controls to organize the production process.
D) the more likely a firm will use the market to organize the production process.
E) the more likely that consumers will choose to purchase the good over other alternatives in the market.

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