Refer to Scenario 13.1. At your negotiated price your consumer ...

[go.lag]

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]

Answer to Question 1

C

Answer to Question 2

D

[go.lag]

Thank you

[tkempin]

Happy to help you