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pirex pirex
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Posts: 634
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6 years ago
Suppose two neighbors share a park. One neighbor, Al, leaves trash in the park. This bothers the other neighbor, Bert. According to Coase's Theorem, one necessary condition to alleviate the externality is that
A) Al is fined by the government.
B) Al has the right to leave trash and Bert cannot do anything about it.
C) Bert has the right to a clean park and Al cannot leave trash.
D) Either Al or Bert owns the park.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 142 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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ChronosChronos
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#1
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6 years ago
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pirex Author
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6 years ago
Thanks
choih94
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
Tim0301
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2 hours ago
Brilliant ツ
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