Multiple Choice
"Since the wind and the flowing rivers can take away industrial waste without charge, polluting is a profitable activity even when people are seriously harmed downwind or downstream, unless environmental regulators stop it." This statement is
A) false if the property rights of downwind or downstream individuals are protected.
B) true if the property rights of industrialists are enforced.
C) never true.
D) always true.
Correct Answer:
Verified
Correct Answer:
Verified
Q250: When natural monopoly is present in an
Q251: When economists talk about a barrier to
Q252: The scientific evidence on the causes and
Q253: The fish in the ocean are<br>A) allocated
Q254: When barriers to entry are high, a
Q255: Figure 11-17 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 11-17
Q256: In the case where a natural monopoly
Q257: Suppose Ford, GM, and Dodge make the
Q258: The demand curve of a monopolist is<br>A)
Q259: Figure 11-17 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 11-17