Your local grocery store reduces transaction costs to the consumer

A) by reducing the consumer's need to travel from food producer to food producer (or manufacturer to manufacturer) to purchase the food staples that the consumer desires.
B) by providing a system that directs funds from lenders to borrowers.
C) by providing a system of justice to enforce contracts.
D) All of the above are correct.


A

Economics

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What will be an ideal response?

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What will be an ideal response?

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Christina Romer argued that

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