If bargaining is costless, the assignment of property rights for ...

[michelleunicorn]

If bargaining is costless, the assignment of property rights for an externality
 a. has no impact on the possibility of an efficient outcome and no distributional impact.
  b. has no impact on the possibility of an efficient outcome but does have a distributional impact.
  c. does have an impact on the possibility of an efficient outcome but has no distributional impact.
  d. does have an impact on the possibility of an efficient outcome and does have a distributional impact.

Question 2

Common property
 a. is owned by specific people.
  b. is inexhaustible.
  c. refers strictly to land resource.
  d. refers to goods owned by society at large and freely usable by anyone.

[AISCAMPING]

Answer to Question 1

b

Answer to Question 2

d

[michelleunicorn]

TYSM

[amynguyen1221]

Thanks for the timely response, appreciate it