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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

  1. 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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