Which of the following would illustrate an example that leads to high transaction costs when dealing with pollution?

A) Air quality in New York City.
B) Water pollution caused by a large number of firms at a location near the same river.
C) Noise pollution from aircraft near a busy airport.
D) All of the above.

Transaction Costs

Expenses incurred when buying or selling goods or services, including search, bargaining, and enforcement costs of a deal.

Air Quality

The condition of the air based on the amount of pollution present; influences environmental and human health.

Water Pollution

Contamination of water bodies such as lakes, rivers, oceans, and groundwater caused by substances harmful to living organisms.