Social costs are felt by consumers but not by manufacturers.
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Q4: In the absence of transactions costs,changes in
Q5: In the absence of transactions costs,changes in
Q6: Transaction costs arise when property rights are
Q7: Court decision involving torts are irrelevant to
Q8: Changes in property rights will not affect
Q10: A Cap and Trade system is more
Q11: If all parties can enter into negotiations,social
Q12: A Pigou tax forces car manufacturers to
Q13: The weak Coase theorem is true when
Q14: A negligence standard,with the allowance of contributory
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