« previous next »

Author Question: The result that, under certain circumstances, no government action is needed to control an ... (Read 77 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
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
Buy Test-Bank


sultansheikh

  • Sr. Member
  • ****
  • Posts: 335
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

An example of a homeostatic control system. An example of a homeostatic control system.
Control of the anterior and posterior pituitary by the hypothalamus. Control of the anterior and posterior pituitary by the hypothalamus.
Control of blood glucose level. Control of blood glucose level.
A model of T7 gp4 helicase action A model of T7 gp4 helicase action
Control you knife with one hand and hold the item being cut with the other (2 of 3) Control you knife with one hand and hold the item being cut with the other (2 of 3)
Muscle action in the small intestine Muscle action in the small intestine
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library