The analysis of how asymmetric information problems affect economic behavior is called ________ theory

According to the Coase theorem, if transactions and negotiations are costless:

a. people would arrive at agreements that maximize their individual benefits. b. people would arrive at agreements that maximize the total economic value. c. people would arrive at agreements that minimize their individual costs. d. people would arrive at agreement that minimize the total social cost.

A switch from a? pollution-tax policy to a? uniform-reduction policy will shift the supply curve of the polluting product upward and increase the equilibrium price.

A switch from a? pollution-tax policy to a? uniform-reduction policy will shift the supply curve of the polluting product

and

the equilibrium price.