Question: Attempts 0 Keep the Highest 0 1 3 . Transaction costs Crystal no longer needs her old futon. She pays $ 3 0 to post
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Transaction costs
Crystal no longer needs her old futon. She pays $ to post an ad in the local paper: "FREE futonyou haul." Eric needs a futon for his new home. He spots the ad and rents a van for $ an hour in order to haul the futon. Eric earns $ per hour as a loan officer. He takes an hour off work in order to pick up the futon.
The transaction costs associated with this exchange are
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