When nations attempt to move quickly from central planning to a market system, they face the obstacle of high transaction costs in large part because
options:
a. market systems are unnatural and require careful design.
b. people who have lived under socialism lack the basic skills a market system requires.
c. people who have long lived under socialism are not sufficiently individualistic.
d. the experience of socialism makes people distrustful of one another.
e. they lack many of the institutions that develop over time in a market system.
