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    Microeconomics and Behavior Study Set 1
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    Exam 16: Externalities, Property Rights, and the Coase Theorem
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    According to the Text, If Diamonds Represent a Form of Conspicuous
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According to the Text, If Diamonds Represent a Form of Conspicuous

Question 7

Question 7

Multiple Choice

According to the text, if diamonds represent a form of conspicuous consumption, then


A) they should be taxed.
B) they should be outlawed.
C) they should be subsidized.
D) they should be given for free.

Correct Answer:

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