Answer:
TRUE
Explanation:
The Coase theorem states that when transaction cost are low, two parties will be able to bargain and reach an efficient outcome in the presence of an externality.
The Coase Theorem also states that when conflicting property rights occur, bargaining between the parties involved will lead to an efficient outcome regardless of which party is ultimately awarded the property rights, as long as the transaction costs associated with bargaining are negligible. If trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.
It is also known by the names capitalism and free market. A free enterprise economy is made up of consumer spending, business investments and government purchases. Each of these parts play an important role in the free enterprise economy. Consumers are an important part of a free enterprise economy.
Answer:
A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products
<span>The new student is overgeneralizing the situation by concluding that because in the first class</span><span> the people sitting in the back row answer most of the questions this means that the smartest students sit in the back.
The situation was only a coincidence, and the new student made fact of it.
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Answer:
i cant help you with that
Explanation:
