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Author Question: The exclusive privilege to use an asset is called a(n) A) property right. B) exclusive use ... (Read 191 times)

savannahhooper

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on: Jul 1, 2018
The exclusive privilege to use an asset is called a(n)
 
  A) property right.
  B) exclusive use agreement.
  C) property privilege.
  D) right to work privilege.

Question 2

The existence of externalities is due mainly to the fact that
 
  A) monopolies tend to produce too little of a good anyway.
  B) the optimal level of pollution is zero.
  C) pollution is not a serious problem.
  D) property rights are poorly defined.
Microeconomics ¦ Perloff ¦ 8th Edition
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tsternbergh47

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


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