When large oligopolistic firms negotiate with the unions of their employees, the resulting bargaining process closely resembles

All of the following are ways that the government can correct for positive externalities EXCEPT

A) by subsidizing the consumption of the good. B) producing the good itself. C) by regulation. D) by assessing an effluent fee.

Economies with poorly defined property rights are often inefficient because

a. individuals spend time trying to protect their resources b. there are no voluntary exchanges c. all exchanges are voluntary d. there are no side payments e. of the absence of free riders