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  3. Study Set
    Microeconomics Theory with Applications
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    Exam 18: Assymmetric Information, the Rules of the Game, and Externalities
  5. Question
    Coase Theorem
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Coase Theorem

Question 80

Question 80

Multiple Choice

Coase theorem:


A) invalidates all the results from neoclassical economic models.
B) states that information is free.
C) applies only to settings characterized by externalities.
D) explains the distribution of property rights.

Correct Answer:

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