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Transaction costs: Question 6 Answer a . can prevent mutually beneficial trades but are not considered a source of market failure. b . cannot prevent

Transaction costs:
Question 6 Answer
a.
can prevent mutually beneficial trades but are not considered a source of market failure.
b.
cannot prevent mutually beneficial trades and are thus not considered a source of market failure.
c.
cannot prevent mutually beneficial trades but are nonetheless considered a source of market failure.
d.
can prevent mutually beneficial trades and are thus considered a source of market failure.

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