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rizumidancer rizumidancer
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Posts: 507
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4 years ago

Question 1.

Applying Coase's theorem, if the cost to you from having the airplane seat in front of you reclined is ________ the benefit to the reclining passenger, you should ________.



▸

less than; request a payment from the reclining passenger



▸

greater than; request a payment from the reclining passenger



▸

less than; make a payment to the reclining passenger



▸

greater than; make a payment to the reclining passenger



Question 2.

Offering to pay the passenger in front of you to keep her from reclining her airplane seat is an example of



▸

a Coasian solution to an externality situation.



▸

a tradable exchange contract.



▸

a Pigovian solution to an externality situation.



▸

command-and-control policy.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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ShaeTime3ShaeTime3
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#1
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4 years ago
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rizumidancer Author
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4 years ago
Correct Slight Smile TY
zsc999
wrote...

Yesterday
Good timing, thanks!
gma_of_7
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2 hours ago
Thank you, thank you, thank you!
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