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Author Question: Which condition(s) must exist for the Coase theorem to hold? I. Property rights must exist. II. ... (Read 70 times)

tiffannnnyyyyyy

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on: Jun 29, 2018
Which condition(s) must exist for the Coase theorem to hold? I. Property rights must exist. II. Transactions costs must be measurable. III. A small number of parties must be involved.
 
  A) I and II only
  B) I and III only
  C) II and III only
  D) I, II and III

Question 2

A tit-for-tat strategy can be used in
 
  A) a single-play game or a repeated game.
  B) a single-play game but not a repeated game.
  C) a repeated game but not a single-play game.
  D) neither a repeated game nor a single-play game.


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tennis14576

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


tiffannnnyyyyyy

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

daiying98

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Reply 3 on: Yesterday
Excellent

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