In the absence of transactions costs, a change in property rights will have no effect on economic efficiency. This result is known as
a. the Weak Coase Theorem.
b. the Strong Coase Theorem.
c. the Invisible Hand Theorem.
d. the Good Samaritan Theorem.
a. the Weak Coase Theorem.
Economics
You might also like to view...
Last year in a nation to the south, net domestic product at factor cost equaled $3,300 billion
Indirect taxes minus subsidies equaled $200 billion, depreciation equaled $800 billion, the statistical discrepancy equaled zero, and net operating surplus equaled $150 billion. The country's GDP was A) $2,300 billion. B) $3,500 billion. C) $4,300 billion. D) $4,450 billion. E) $4,150 billion.
Economics
Left shoes and right shoes are perfect complements. An indifference curve for left and right shoes is a line with
A) constant slope. B) a 30-degree angle. C) a 45-degree angle. D) a 90-degree angle.
Economics