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Author Question: The result that, under certain circumstances, no government action is needed to control an ... (Read 30 times)

brutforce

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on: Jul 1, 2018
The result that, under certain circumstances, no government action is needed to control an externality because it can be eliminated by bargaining between the affected parties is called
 
  A) a Nash equilibrium.
  B) Coase Theorem.
  C) Bargaining Theorem.
  D) English Bargaining.

Question 2

What is asymmetric information?
 
  What will be an ideal response?
Microeconomics ¦ Perloff ¦ 8th Edition
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sultansheikh

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A market situation in which one party in a transaction possesses more complete information than another party.


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