7. Two roommates are opposites. One enjoys playing Modern Warfare with his friends all night. The other

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7. Two roommates are opposites. One enjoys playing Modern Warfare with his friends all night. The other likes to get to bed early for a full 8 hours of sleep. If Coase is right, the roommates have an incentive to solve the noise externality issue themselves. Name at least two solutions that will internalize, or eliminate, the externality.

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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