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Author Question: Transaction costs reduce the benefit accruing to the parties involved in an exchange. Explain ... (Read 78 times)

OSWALD

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on: Jun 30, 2018
Transaction costs reduce the benefit accruing to the parties involved in an exchange. Explain why.

Question 2

When a firm grows to such an extent that it is unable to coordinate between its employees properly it is likely to experience economies of scale.
 a. True
  b. False
  Indicate whether the statement is true or false


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jojobee318

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Transaction costs reduce benefits to the two parties because a part of the economic value goes into funding the transaction cost.

Answer to Question 2

False


OSWALD

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

amynguyen1221

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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