Swimmy comments on I want to learn economics - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (43)
You're correct. Simple example here. Transportation costs are added to other costs, and the same analysis follows from there.
Transaction costs are not really different from other costs, economists just like to highlight them because they're often forgotten.