According to the Coase Theorem, externality problems:
A. Do not exist in reality, because all costs and benefits are internal to firms
B. Can be solved through private negotiations without the need for government intervention
C. Must only be resolved by government action, through either taxes or subsidies
D. Can never be resolved adequately because one party always gains while the other loses
B. Can be solved through private negotiations without the need for government intervention
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How many districts does the Federal Reserve System have?
a. 50 b. 1 c. 12 d. 51 e. 4
In a barter economy,
A) money is a medium of exchange. B) coins are used to facilitate trade. C) money is a store of value. D) goods and services are traded directly for each other. E) the money supply consists entirely of coins and currency.