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Author Question: Suppose an individual discovers the mouth of a previously unknown cave (expected to contain a single ... (Read 26 times)

kodithompson

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on: Jun 30, 2018
Suppose an individual discovers the mouth of a previously unknown cave (expected to contain a single large diamond) on his property that extends under land owned by others. To arrive at an economically efficient outcome with low transaction cost, the law will:
 a. award the diamond to the person who locates the diamond first.
  b. award the diamond and cave to the person whose land it opens into.
  c. award the diamond to the owner of the land above it.
  d. award the diamond to each of the owners under whose land the cave passes.

Question 2

To know the customer is to understand costs.
  Indicate whether the statement is true or false


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reelove4eva

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

False


kodithompson

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ricroger

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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