Per-Unit Transaction Costs

Multiple Choice

Per-unit transaction costs

A) may cause the demand and supply curves to shift either inward or outward depending on the value obtained from transaction agents.
B) refer only to the commission paid to a third party for each transaction made.
C) are absorbed by the party seeking the transaction.
D) have the same effect on behavior as do lump-sum transaction costs; the difference in terminology is purely definitional.