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-Keeping in Mind the Coase Theorem, in the Figure Above

Question 367

Multiple Choice

-Keeping in mind the Coase theorem, in the figure above, if the residents of the town own the lake, the market does what? A) overproduces 120 tons of pesticide B) underproduces 120 tons of pesticide C) overproduces 60 tons of pesticide D) produces the efficient quantity of pesticide
-Keeping in mind the Coase theorem, in the figure above, if the residents of the town own the lake, the market does what?


A) overproduces 120 tons of pesticide
B) underproduces 120 tons of pesticide
C) overproduces 60 tons of pesticide
D) produces the efficient quantity of pesticide

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