Which of the following is not considered a transaction cost incurred by parties in the process of contracting to eliminate a pollution externality ? Options: A . &nbspcosts incurred due to lawyers’ fees B . &nbspcosts incurred to reduce the pollution C . &nbspcosts incurred to enforce the agreement D . &nbspcosts incurred due to a large number of parties affected by the externality E . &nbspAll of these answers are considered transaction costs

Which of the following is not considered a transaction cost incurred by parties

Discussion Forum : Externality And Internality

Question - Which of the following is not considered a transaction cost incurred by parties in the process of contracting to eliminate a pollution externality ?

Options:

A . costs incurred due to lawyers’ fees

B . costs incurred to reduce the pollution

C . costs incurred to enforce the agreement

D . costs incurred due to a large number of parties affected by the externality

E . All of these answers are considered transaction costs

Answer: Option B
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Discussion Forum : Externality And Internality

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