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Author Question: Refer to Scenario 13.1. At your negotiated price your consumer surplus is: A) 50. B) 200. C) ... (Read 83 times)

go.lag

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on: Jul 1, 2018
Refer to Scenario 13.1. At your negotiated price your consumer surplus is:
 
  A) 50.
  B) 200.
  C) 250.
  D) 300.

Question 2

When one party suffers negative external effects due to the actions of another party, a lawsuit may not lead to the efficient outcome if:
 
  A) property rights are not clearly assigned.
  B) the parties have incomplete information.
  C) the legal costs of the lawsuit are too high.
  D) All of the above


tkempin

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

C

Answer to Question 2

D


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go.lag

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Reply #2 on: Jul 1, 2018
Thank you :)


tkempin

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Reply #3 on: Jul 1, 2018
Happy to help you


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