An economic property right and a legal property right:
A) are different because all economic rights are legal rights, but not all legal rights are economic rights.
B) overlap, but are different.
C) are the same thing.
D) are different because all legal rights are economic rights, but not all economic rights are legal rights.
Correct Answer:
Verified
Q12: Market demand for a public good is:
A)obtained
Q13: The Coase theorem does not hold when:
A)distortionary
Q14: Private provision of goods can be efficient
Q15: Transaction costs:
A)are information costs, but information costs
Q16: The presence of negative externalities:
A)does not create
Q18: The fundamental reason for the existence of
Q19: Suppose you live on the main floor
Q20: Better- defined property rights are preferred:
A)because ownership
Q21: Public regulation is often an effective means
Q22: Externalities occur because:
A)there is idle capital.
B)there are
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