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
From space earth shows itself as a planet covered mostly by water.
Spanish Water Dog
Soil Cleans Water
Marianne Nicholson, Kwakwaka'wakw pictograph of a copper on a cliff near Kingcome.
Is breathing water dangerous? How do you know?
Cold, dense water accumulates around the Arctic and Antarctic