Asked by Kristen Salcedo on May 17, 2024

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Markets tend to increase the costs of time and information required for exchange.

Transaction Costs

Expenses incurred when buying or selling goods or services, including fees, charges, and other costs associated with the transfer of assets.

Exchange

The act of giving one thing and receiving another, especially of the same type or value, in return.

  • Identify the roles of transaction costs and how they affect market exchanges.
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JR
JivithaRao RamaRaoMay 20, 2024
Final Answer :
False
Explanation :
Markets actually decrease the costs of time and information required for exchange by facilitating easier access to goods and services, thereby making transactions more efficient.