This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assuming that transactions costs are sufficiently low, the Coase theorem results in the economic pie ... (Read 109 times)

kellyjaisingh

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Assuming that transactions costs are sufficiently low, the Coase theorem results in the economic pie being maximized. What impact do legal constraints have on this prediction of the Coase theorem?
 
  What will be an ideal response?

Question 2

Of the following market structures, which is the most competitive?
 
  A) perfect competition
  B) monopolistic competition
  C) monopoly
  D) oligopoly


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scikid

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 29, 2018
Answer to Question 1

Legal restraints will not affect the total amount of income, but they will affect the shares of that income that go to each party to the transaction.

Answer to Question 2

A


kellyjaisingh

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Gracias!

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif
How to find the definite integral using the fundamental theorem of calculus (Part 2) How to find the definite integral using the fundamental theorem of calculus (Part 2)
economic question economic question
economic question economic question
economic question economic question
phylogenetic results using the TCF7L2 transcripting mRNA sequence for the 4 listed taxa phylogenetic results using the TCF7L2 transcripting mRNA sequence for the 4 listed taxa
Video: Mendel's Principles of Inheritance (Father of Genetics)

For a complete list of videos, visit our video library