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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 5
The Coase theorem does NOT apply if
A) there is a significant externality between two parties.
B) the court system vigorously enforces all contracts.
C) transaction costs make negotiating difficult.
D) both parties understand the externality fully.
A) there is a significant externality between two parties.
B) the court system vigorously enforces all contracts.
C) transaction costs make negotiating difficult.
D) both parties understand the externality fully.
Explanation
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The Coase theorem explain that if the pr...
Essentials of Economics 7th Edition by Gregory Mankiw
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