Which of the following is not an element of friction-free commerce?
A) Information is equally distributed.
B) Transaction costs are high.
C) Prices can be dynamically adjusted to reflect actual demand.
D) Unfair competitive advantages are eliminated.

Question

Quizplus · Accepted Answer

Friction-free commerce revolves around reducing transaction costs to facilitate smoother commercial transactions. Hence, high transaction costs are not an element of friction-free commerce. A, C, and D are all elements of friction-free commerce, where information is equally distributed, prices can be dynamically adjusted to reflect actual demand, and unfair competitive advantages are eliminated.

Which of the Following Is Not an Element of Friction-Free