A copper ore refiner pollutes the water upstream from a brewery. These are the only two parties involved. The transactions costs of reaching an agreement between the refinery and the brewery are low.
The amount of water pollution will be at the efficient level A) only when the property right to the stream is assigned to the ore refinery.
B) only when the property right to the stream is assigned to the brewery.
C) when the property right to the stream is assigned to either the refinery or to the brewery.
D) when no one has clear property rights.
Question 2
Most economists believe that raising the minimum wage decreases the employment opportunities for low-skilled workers.
Indicate whether the statement is true or false
A copper-striped blue-tailed skink (Emoia impar)
Effect of extracellular osmolarity on water movement across a plasma membrane
Whale in water
Using a water-based cleaning system helps reduce the hazards from using strong chemicals.
The movement of water and nutrient through a tree
How much heat energy in Joules is required to heat 16.0 g of copper from 23.0 °C