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Friction occurs when two objects are moving in opposite directions. Why are transactional costs sometimes referred to as frictional costs? Transaction costs slow trade between
Friction occurs when two objects are moving in opposite directions. Why are transactional costs sometimes referred to as frictional costs? Transaction costs slow trade between parties and add complexity. Transaction costs typically incite anger in one of the trade partners. Transaction costs pit buyer and seller against each other. Transaction costs typically create opportunities for unethical behaviors
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