The correct answer for the question that is being presented above is this one: "<span> iv). Q1 =40.5, Q2 =25.5, P=70."
The correct answer for the question that is being presented above is this one: "</span><span>iii). are needed to guarantee the existence of equilibrium."
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The correct answer for the question that is being presented above is this one: "<span>ii). all risk averse decision makers will prefer lottery B to lottery A."
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The correct answer for the question that is being presented above is this one: "<span> iv). £1/(1+r)3."</span>
Answer:
i dont understand this, please give more info
Explanation:
The answer is A- ensuring product safety and setting safety standards
Answer:
d. Many firms are working together to eliminate pollution
Explanation:
Coase theorem is a private solution for the two parties who agree to reduce externalities, i.e., pollution. They negotiate in such a manner that the costs are low as one party takes over other party's polluted assets to reduce pollution. When there are more parties or firms involved to eliminate pollution, it will pose high transaction costs. Therefore, the Coase theorem will not work in that case. So, the option "D" is the correct choice.