Asked by Briana Arredondo on Apr 25, 2024
Classified ads and job web sites reduce the transaction costs of finding a new job.
Transaction Costs
Expenses incurred when buying or selling goods and services, which can include broker fees, communication charges, or the cost of obtaining information.
Classified Ads
Short advertisements placed by individuals or businesses in a categorised listing to sell products or services, typically found in newspapers and online platforms.
- Discern the functions of transaction costs and their impact on market transactions.
Learning Objectives
- Discern the functions of transaction costs and their impact on market transactions.
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