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QUESTION 13 Which of the following is true? Successful firms have lower transaction costs than markets do A legal system that protects ownership rights is
QUESTION 13
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Which of the following is true?
Successful firms have lower transaction costs than markets do
A legal system that protects ownership rights is critical to the efficient functioning of firms and markets
Markets measure and reward performance
Markets allocate resources to their highest value use
All of the above
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