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Examples of transaction costs include (check all that apply): A. the cost of the externality. B. the difference between the private costs and social costs

Examples of transaction costs include (check all that apply):

A. the cost of the externality.

B. the difference between the private costs and social costs of production.

C. the time required to negotiate an agreement.

D. the cost of drafting a contract or agreement.

E. the cost of monitoring an agreement.

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