Each of the following is implied if we say that transactions costs are absent EXCEPT:
A) sellers can easily communicate their prices.
B) buyers can easily locate suppliers and learn their prices.
C) buyers and sellers can arrange transactions without significant obstacles.
D) sellers do not charge a markup over marginal cost.

Question

Quizplus · Accepted Answer

The absence of transaction costs does not necessarily imply that sellers do not charge a markup over marginal cost. It simply means that there are no significant obstacles to arrange transactions between buyers and sellers.

Each of the Following Is Implied If We Say That