Author Question: In economic theory, transaction costs refer to A) fees charged by brokers, traders, or other ... (Read 77 times)

ARLKQ · **on:** Jun 29, 2018

In economic theory, transaction costs refer to

A) fees charged by brokers, traders, or other agents rather than by principals.
B) costs attributable to the operations of middlemen.
C) costs of arranging and carrying out voluntary exchanges.
D) costs of obtaining customers or of marketing a product.
E) costs not borne by the persons creating them.

Question 2

The basic federal antitrust law prohibiting combinations in restraint of trade and attempts to monopolize is the

A) Clayton Act.
B) Miller-Tydings Act.
C) Robinson-Patman Act.
D) Sherman Act.
E) Taft-Hartley Act.