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    Microeconomics Theory with Applications
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    Exam 18: Assymmetric Information, the Rules of the Game, and Externalities
  5. Question
    When an Individual Has the Economic Property Right Over a Resource
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When an Individual Has the Economic Property Right Over a Resource

Question 78

Question 78

Multiple Choice

When an individual has the economic property right over a resource they are:


A) constrained by the rules of the game.
B) faced with positive transactions costs.
C) able to act like monopolists.
D) able to exercise choices freely.

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