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Gala2k [10]
3 years ago
11

What is the Coase Theorem? Please explain why it was developed and what are the key elements of the theorem

Social Studies
1 answer:
inessss [21]3 years ago
6 0

The Coase Theorem says that, in an economic transaction with externalities, if property rights are well defined and if the transaction costs are low enough, then the private solution is socially optimal, with no need for government intervention to correct the situation externality, which is a market failure. The government's only role would be to ensure that property rights are well defined and that free trade flows without transaction costs.

Coase's theorem, shows how the role of institutions, especially legal ones, are important for the proper functioning of the market economy.

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Answer:

They considered it to be a success because had it been it was a failure they would not have come together for the rational choice theory.

Explanation:

controlled Trail:" is a study in which people are allocated at random (by chance alone) to receive one of several clinical interventions".

Rational Choice theory: "Rational choice theory assumes that individuals are rational actors using rational information to try to actively maximize their advantage in any situation and therefore consistently trying to minimize their losses"

6 0
3 years ago
In an informative speech to a group of high school juniors, Tori talked about the change in her confidence level from her first
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Tori gave the speech based on her own experience as supports.

Explanation:

Tori at the moment of giving her speech engaged the audience by means of her own experience, understanding that she had lived the same expectations when she was in high school.

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3 years ago
What is Katherine Johnson's impact on society today?
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<h3>       <u>Katherine Johnson's impact on society today</u></h3>
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8 0
3 years ago
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The correct answer is A) Impeach the president.

Congress may do the following to limit the power of the executive: Impeach the president.

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Under the checks and balances system, Congress has the power to impeach the President of the United States. This has happened with President Andrew Jhonson, Bill Clinton, and two times the actual President.  

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2 years ago
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Answer:

The correct answer to this question is that Freddie should include both of these events.

Explanation:

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