The cable and subscription TV business is plagued with the problem of "signal theft." People use illegal receivers to capture the company's signal without paying. Enforcement of the company's property right is very expensive. This problem emerges because TV signals are basically
a. economic goods.
b. invisible goods.
c. depletable goods.
d. public goods.
d
Economics
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Antitrust problems rarely appear in competitive markets
Indicate whether the statement is true or false
Economics
Why can't private individuals always internalize an externality without the help of government?
a. Legal restrictions prevent side payments between individuals. b. Transactions costs may be too high. c. Side payments between individuals are inefficient. d. Side payments between individuals are insufficient.
Economics