The costs associated with frictions generally result in buyers paying less than in the absence of frictions, and/or sellers receiving more.

Name: The costs associated with frictions generally result in buyers paying less than in the absence of frictions, and/or sellers receiving more.
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Frictions in markets, such as transaction costs or information asymmetries, typically lead to inefficiencies where buyers might pay more and sellers might receive less than in a perfectly frictionless market.

The Costs Associated with Frictions Generally Result in Buyers Paying