In many cases the Coase theorem does not work well because
a. there are too few parties at the negotiation table.
b. the government does not know about the Coase theorem.
c. transaction costs are too high.
d. transaction costs are too low.
c
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Which of the following statements is true?
A) A bar chart can only be used to represent independent variables. B) A bar chart does not allow for the comparison of a single variable across many segments. C) A bar chart has many limitations in comparison to pie charts. D) A bar chart indicates the frequency of a variable by using rectangles of different heights or lengths.
Which of the following statements concerning the federal corporate income tax is true?
A) It is an efficient tax because it imposes a small excess burden relative to the tax revenue it raises. B) The corporate income tax is an example of the benefits-received principle. C) The incidence of the corporate income tax can be determined by using demand and supply analysis. D) Determining the incidence of the corporate income tax is complicated because it is not certain how corporations respond to the tax.
A sales commission is charged for the purchase of
A) no-load mutual funds. B) load mutual funds. C) sinking mutual funds. D) syndicated funds.
An individual firm is insolvent when ________
A) its assets exceed the value of its liabilities B) its average costs per unit are greater than its marginal cost C) its average costs per unit are less than its marginal cost D) its liabilities exceed the value of its assets