Author Question: The result that, under certain circumstances, no government action is needed to control an ... (Read 73 times)

brutforce

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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?


sultansheikh

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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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