You love Christmas and elaborately decorate your home and yard. ...

[nautica902]

Question 1

You accidentally run into your next door neighbor's fence and destroy it. Your neighbor sues you and you are required to pay $1,000 to repair the fence. This is an example of

◦ the Coase theorem.
◦ a liability rule.
◦ an injunction.
◦ the free-rider problem.

Question 2

You love Christmas and elaborately decorate your home and yard. It is such a spectacle that hundreds of people drive by your house each day to enjoy the display. The noise and traffic disturb your neighbors who sue you and you are required to take down your display permanently. This is an example of

◦ the Coase theorem.
◦ a liability rule.
◦ an injunction.
◦ the free-rider problem.

[ladyjames123]

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[nautica902]

TY

[ladyjames123]

You're welcome