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avinash0312 avinash0312
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5 years ago

Question 1.

The Coase theorem will ________ if the number of people involved is small.



▸ only apply

▸ rarely apply

▸ always apply

▸ never apply

Question 2.

Your upstairs neighbor has the right to practice his clog dancing at night. But you find the best time to study is at night, and the noise from the clog dancing makes it hard for you to concentrate. You tell your neighbor that you will wash his car every week if he does not practice his clog dancing at night and he agrees to this. This is an example of the



▸ free-rider problem.

▸ drop-in-the-bucket problem.

▸ Coase theorem.

▸ fallacy of composition.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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anuja709anuja709
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5 years ago
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avinash0312 Author
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#2
5 years ago
Thank you for answering so quickly
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