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Under the Articles of Confederation, the various states were supposed to individually raise armies and navies, and lend them to the federal government when needed.

Under the Articles of Confederation, the various states were supposed to individually raise armies and navies, and lend them to the federal government when needed. When many states refused to send navies to deal with pirates, or armies to deal with Shay's Rebellion, what kind of transaction cost is this? a. Information cost.b. Bargaining cost.c. Enforcement cost.d. Opportunity cost.e. Non-monetary aspects of a decision

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