This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: One of the most famous cartels is OPEC. a. True b. False Indicate whether the statement is true ... (Read 186 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Jun 30, 2018
One of the most famous cartels is OPEC.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

State one important consequence of Coasian reasoning on the analysis of contracts.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katheyjon

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

Coasian reasoning has one very important consequence for the analysis of contracts. If the costs of negotiating and enforcing contracts are low relative to the benefits, buyers and sellers will have incentives to make economically efficient arrangements that increase value, and they will avoid making contracts that destroy it. Where transactions are costly, some legal assignments of rights will be more efficient than others.


segrsyd

  • Member
  • Posts: 530
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
False-color imagery of the Sun, a G-type main-sequence star, the closest to Earth. False-color imagery of the Sun, a G-type main-sequence star, the closest to Earth.
The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
James A. Garfield lies mortally wounded. After failing to locate the bullet, surgeons called in Alex James A. Garfield lies mortally wounded. After failing to locate the bullet, surgeons called in Alex
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
This iconic photograph by Dorothea Lange, entitled “Migrant Mother,” has become a famous ... This iconic photograph by Dorothea Lange, entitled “Migrant Mother,” has become a famous ...
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library