Swimmy comments on I want to learn economics - Less Wrong

8 Post author: alexflint 13 January 2011 11:02PM

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Comment author: Swimmy 16 January 2011 06:28:44AM 0 points [-]

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.