For voluntary action to correct an externality
A) transaction costs have to be high.
B) transaction costs have to be low.
C) transaction costs have to be split evenly between all of the parties involved.
D) transaction costs are irrelevant.
Correct Answer:
Verified
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Q264: The exclusive rights of ownership of property
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A) private
Q272: Common property
A) is owned by everyone.
B) is
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