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 137 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


chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

For a complete list of videos, visit our video library