Assignment:
Rank the following six transactions from lowest to highest transaction costs. Explain your ranking by reference to the costs of search, bargaining, and enforcement. (There is no uniquely correct answer.)
a. Getting married.
b. Buying an artichoke.
c. Acquiring an easement to run a gas line across your neighbor's property.
d. Selling a Burger King franchise.
e. Going to college.
f. Purchasing a warranty for a new car.