A coase solution to a problem of externality ensures that a socially efficient outcome is to maximize the joint welfare, irrespective of the right of ownership.
Explanation:
In law and in economics the Coase theorem explains the economic efficiencies in the existence of externalities. The economic efficiency of economic allocation or outcome. In practice, barriers to negotiation or poorly defined rights of property can prevent coasean negotiations.
The private external solutions include, for the benefit of the relevant parties, moral codes, charities and business fusions and contracts. In the theorem, two parties can bargain and obtain an optimal outcome in the presence of an externality when transaction cost is low.
Hello,
My question - are there any answer choices.
Your Question - Helen is keen on creating her own company when she graduates from college. She has researched the sector and developed contacts with vendors. She also has a risk-taking personality. What is an appropriate career option for Helen after she graduates from college?
Answer - Manager of a store
Why - Well since she talked to vendors, and vendors could giver her food. But since there are no answer choices its kind of harder to answer.
Knowledge of Weather and currents
Knowledge of Ships
Options available are:
A) fragmented
B) emerging
C) declining
D) global
E) mature
Answer:
C) Declining
Explanation:
The reason is that these companies have greater knowledge of the industry than the other companies that are entering the market. Furthermore, the industry is also in decline phase which means that the market entrants are afraid of entering the market and that the old companies like JetBlue, Nucor and Cirque du Soleil have better brand recognition which helps them make sales.
