According to Nobel laureate economist Ronald Coase, if a person lives near a neighborhood park and a storm uproots several trees around the neighborhood, people will naturally
A. pay for someone to work on their own private property and pitch in to help on the park.
B. ignore the entire problem.
C. work on the public park first.
D. work to repair their own private damage first.
Answer: D
Economics
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A) a natural monopoly B) a government monopoly C) a legal monopoly D) a market in which many firms make identical products
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Using forward transactions allows
A) holders of common stock to lock in future dividend payments. B) the federal government to stabilize fluctuations in tax receipts. C) corporations to reduce problems arising from future fluctuations in their dividend payments. D) both buyers and sellers to reduce risks associated with price fluctuations.
Economics