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.
Answer:
Power
Explanation:
According to the text, <u>Power </u>refers to an individual’s ability to influence others to do what the individual wants, as well as an individual’s ability to resist the influence attempts of others.
Power is defined as the ability to influence the actions and decisions of others.
To keep African Americans from voting
Answer:
Social networks,power and culture.
Explanation:
The economists view of markets proposes market exchange as involving buyers and sellers .But the sociologist focus on 3 additional factors Social Networks,power and culture that influence the working of the market.
Social Network is a platform where you can advertise your product.Since most of the population uses social networking and can be regarded as potential buyers.
Power comes you are at a respectable position in the market and can control the market workings.
Culture also affects the market .For example in India most of Indian population buys clothes on the time of Diwali festival.
Answer:
3. independence for the Philippines.
