Multiple Choice
According to the Coase theorem,when will private markets solve externality problems and allocate resources efficiently
A) as long as private parties can bargain without cost
B) as long as government assigns property rights to the harmed party
C) as long as the externalities that are present are positive and not negative
D) as long as businesses determine an appropriate level of production
Correct Answer:

Verified
Correct Answer:
Verified
Q11: When one firm sells its pollution permit
Q12: What does the term market failure refer
Q13: What is social cost<br>A)a measure of the
Q14: What does technology spillover refer to<br>A)the government's
Q15: If education produces positive externalities,what would we
Q17: What is a patent used for<br>A)to disseminate
Q19: What would be an optimal tax on
Q20: What term is used for a situation
Q21: What are two ways to reduce pollution
Q94: Firms that can reduce pollution easily would