The economist who won the Nobel Prize in Economics for his path-breaking analysis of the ways in which property rights,transaction costs and institutions affect the allocation of economic resources is:
A) John Nash.
B) Arthur Cecil Pigou.
C) Ronald Coase.
D) Theodore Groves.
Correct Answer:
Verified
Q8: The Coase Theorem states that:
A) if bargaining
Q9: An action creates an externality if it:
A)
Q10: The economic gain that a positive externality
Q11: Three hundred paper mills compete in the
Q12: Limitations of bargaining include:
A) its impracticality.
B) property
Q14: When a firm ignores external costs:
A) it
Q15: Limitations of bargaining include:
A) contracts may not
Q16: Activities that create water pollution are best
Q17: Three hundred paper mills compete in the
Q18: Three hundred paper mills compete in the
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