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Title: Private solutions to the problem of externalities are most likely when Post by: Ingy_ on Oct 9, 2019 Question 1. The costs in time and other resources that parties incur in the process of facilitating an exchange of goods and services are called ▸ explicit costs. ▸ implicit costs. ▸ enforcement costs. ▸ transactions costs. Question 2. Private solutions to the problem of externalities are most likely when ▸ government actively encourages these solutions. ▸ transactions costs are low and the monetary damages to third parties are high. ▸ transactions costs are low and the number of bargaining parties is small. ▸ transactions costs are low and the number of bargaining parties is large. Title: Private solutions to the problem of externalities are most likely when Post by: Steve Trainer on Oct 9, 2019 Content hidden
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