According to the Coase theorem, if Gabriel wants the local television station to cease having helicopters fly over his house at night, he will be more likely to be able to reach an agreement with the station if the property right to the airspace is
clearly defined and the transaction costs of negotiating are high. Is this statement true or false? Explain your answer.
Question 2
Doctors find that one aspirin per day reduces the risk of heart attacks. Demand for aspirin will
A) increase, so that equilibrium price and equilibrium quantity will increase.
B) decrease, so that equilibrium price and equilibrium quantity will increase.
C) increase, so that equilibrium price will decrease and equilibrium quantity will increase.
D) increase, but the new equilibrium price and quantity are indeterminate.
Atmospheric Gases Trapped in Ice at Vostok Station, Antarctica
Local Anesthetics
Small local hydroelectric power generators have more future potential
Techniques for Applying Local Anesthesia
Binomial Theorem
Donut station