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Ryanteck Ryanteck
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7 years ago
There are 10 families in a neighborhood that are affected by noise pollution from a local factory. The noise could be reduced if the company spent $5,000 on technological improvements. The company agrees to make these improvements if the affected families contribute the $5,000.  Since there are no legal restrictions governing the factory's noise the negotiations fail. This outcome is an example of the
A) problem that arises when property rights are not defined.
B) free rider problem.
C) Coase theorem.
D) drop-in-the-bucket problem.
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Akshtsaklani21Akshtsaklani21
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7 years ago
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Ryanteck Author
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7 years ago
Thank you, thank you, thank you!
shimyshiguy
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
joyceess
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2 hours ago
Smart ... Thanks!
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