What Are Transaction Costs? List And Describe At Least Four Ways That The Internet Can Reduce Transaction Costs.


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Amanda Wells answered
Transaction costs are the costs involved in buying and selling. These may include the cost of producing the article for sale, transporting it, storing it or a number of other factors, which typically get passed on to the buyer. The internet can reduce these costs in a number of ways - you can find a good overview of the main ways in this article.

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