Low Bar Steel factory produces runoff that affects the water supply in one way or another for more than 100,000 households and businesses. Why would it be impractical for the Coase theorem to apply to a workable solution in this case?

a. Potential benefits outweigh the costs.
b. There is no externality.
c. There are too many transactors.
d. Property rights are clearly defined.

c. There are too many transactors.

Economics

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When a manager makes decision then looks for information to justify the decision, it is called

a. implicit favorite model b. bounded rationality model c. econological model d. none of the above

Economics

One reason for the extraordinary growth of foreign financial markets is

A) decreased trade. B) increases in the pool of savings in foreign countries. C) the recent introduction of the foreign bond. D) slower technological innovation in foreign markets.

Economics