Multiple Choice
A battery acid producer pollutes the water upstream from the Polar Bear Club,a swimming club.If transactions costs are low,the quantity of pollution will be efficient
A) if swimming club memberships are subsidized.
B) only if the battery acid producer moves downstream.
C) only if water property rights are assigned to the producer.
D) only if water property rights are assigned to the Polar Bear Club.
E) if water property rights are assigned either to the producer or to the Polar Bear Club.
Correct Answer:
Verified
Correct Answer:
Verified
Q55: The marginal private cost curve (MC)is a
Q56: The Coase theorem applies when transactions costs
Q57: Researchers produce the efficient quantity of research
Q58: The government department charged with monitoring and
Q59: Use the figure below to answer the
Q61: Use the table below to answer the
Q62: Use the figure below to answer the
Q63: If positive externalities exist and production is
Q64: Use the table below to answer the
Q65: If the production of a good creates