Bargaining costs are generally high in cases involving environmental externalities because
a. there are strong incentives to be a free rider.
b. many individuals may be affected by the externalities.
c. it is difficult to measure the costs of the externalities.
d. all of the above.
d
Economics
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A firm's average fixed cost curve can never be U-shaped, even if its other average cost curves are U-shaped
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following will not tend to shift the consumption schedule upward?
A. A currently small stock of durable goods in the possession of consumers. B. The expectation of a future decline in the consumer price index. C. A currently low level of household debt. D. The expectation of future shortages of essential consumer goods.
Economics