____ are the total of all costs that a buyer and a seller incur as they gather information and negotiate a purchase-and-sale transaction.
A)Purchase costs
B)Sale costs
C)Transaction costs
D)Hardware costs

Question

Quizplus · Accepted Answer

Transaction costs include all costs involved in the process of buying and selling, such as search costs, negotiation costs, and contractual costs. Therefore, choice C is the correct option. The other options mentioned in the question do not adequately define the costs incurred in a purchase-and-sale transaction.

____ Are the Total of All Costs That a Buyer