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danny2012 danny2012
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Consider a remote village with a limited, freely available water supply and no government intervention in the allocation of water. In economics, the resulting outcome of a situation such as this is often referred to as

▸ moral hazard.

▸ adverse selection.

▸ asymmetric information.

▸ the tragedy of the commons.

▸ the Coase theorem.
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Microeconomics

Microeconomics


Edition: 17th
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ikiddingikidding
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danny2012 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jasonbourne
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This calls for a celebration Person Raising Both Hands in Celebration
Hellish Lover
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Brilliant ツ
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