This topic contains a solution. Click here to go to the answer

Author Question: According to the Coase Theorem, private solutions to externalities can lead to the socially ... (Read 136 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
According to the Coase Theorem, private solutions to externalities can lead to the socially efficient outcome when: i. transaction costs are negligible ii. property rights are clearly defined iii. the number of parties involved is small
 a. (i), (ii), and (iii)
 b. (i) and (ii) only
 c. (iii) only
 d. (ii) and (iii) only

Question 2

Nascent industries require adequate protection from foreign competition because:
 a. they experience economies of scale.
  b. they experience diseconomies of scale.
  c. the quality of the products of such industries are comparatively inferior than the products of their foreign competitors.
  d. they do not have adequate resources to undertake research and development.
  e. their initial costs of production are considerably higher than the foreign firms.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

prumorgan

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

a

Answer to Question 2

e




Mr.Thesaxman

  • Member
  • Posts: 514
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

For a complete list of videos, visit our video library