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Migo7s Migo7s
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4 years ago

Ronald Coase was awarded the 1991 Nobel Prize in Economics primarily for addressing problems related to externalities. Which of the following describes Coase's work?



▸

Coase proved that a competitive market achieved a greater degree of economic efficiency than a non-competitive market when externalities occur.



▸

Coase proved that economic efficiency cannot be achieved in a market that is affected by positive or negative externalities.



▸

Coase argued that under some circumstances private solutions to the problems of externalities will occur.



▸

Coase argued that government intervention is necessary to achieve economic efficiency in markets that are affected by externalities.

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InMicro

InMicro


Edition: 1st
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jackjohnson74jackjohnson74
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Migo7s Author
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4 years ago
Thanks for your help!
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