Which of the following statements is false?
A) Government can remove individuals from a prisoner's dilemma setting and make them better off.
B) In a prisoner's dilemma setting,it is impossible for the government to define and enforce property rights that the individuals involved in the setting want to have defined and enforced.
C) As long as government charges each individual in a prisoner's dilemma setting a tax that is less than the gain received by being removed from the setting,then government has made the individuals better off.
D) Depending upon the amount of the tax charged to each individual in a prisoner's dilemma setting,the government can make both persons better off,both persons worse off,or one person better off and the other person worse off.
Correct Answer:
Verified
Q2: Suppose that for Jim the marginal benefit
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Q4: Which of the following statements is false?
A)
Q5: When a positive externality exists,_ and thus
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Q8: In the case of a negative externality,in
Q9: In the case of a negative externality,the
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A)
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A) will
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