The Coase Theorem states that the private sector can achieve environmental efficiency, as long as property rights are clearly assigned
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following would lead to a rise in demand for recordable DVDs by students?
a. An increase in the number of DVD manufacturers. b. A decrease in the price of DVD recording devices. c. A decrease in the price of the DVD making machinery. d. A cut in the number of student workers hired by the university, lowering student incomes.
While falling prey to the seductive ways of Catwoman, Batman sacrifices the opportunity of protecting Gotham City from a crime spree initiated by the Joker. That foregone opportunity is a(n) ________ cost of (yet again) falling prey to Catwoman
A) monetary B) explicit C) sunk D) implicit
For substitutes, cross price elasticity of demand is:
a. Negative b. Positive c. between zero and one only d. zero.
Which of the following examples shows a firm that probably has a monopoly?
a. Birchfield, Inc. exits its market after many other firms enter it. b. After five years, Samson, Inc’s marginal revenue equals its marginal cost. c. BRV, Inc.’s economic profits gradually decline over six years until they reach zero. d. Mongul, Inc. makes large profits for ten years.