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Author Question: In the figure above, line A represents the A) the line of market income distribution. B) line of ... (Read 127 times)

soccerdreamer_17

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on: Jun 29, 2018
In the figure above, line A represents the
 
  A) the line of market income distribution.
  B) line of equality.
  C) line of equal number of people in each household.
  D) line of equal consumption in each household.

Question 2

The Coase Theorem is the proposition that if the number of involved parties is low, if property rights ________ and transactions costs are ________, then private transactions are efficient.
 
  A) are nonexistent; low
  B) exist; high
  C) are nonexistent; high
  D) exist; low


Animal_Goddess

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

B

Answer to Question 2

D


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