The social cost of pollution includes the private costs of the producers plus the costs to those bystanders adversely affected by the pollution

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Copyrights, which grant special privileges to artists, musicians, and writers

A) destroy property rights. B) expand property rights. C) neither destroy nor expand property rights because they are part of the Bill of Rights. D) both destroy and expand property rights.

Economics

If a firm produces a given amount of output using the least amount of inputs, it definitely achieves economic efficiency

Indicate whether the statement is true or false

Economics