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1) Many economists are convinced that fuel has a relatively inelastic demand curve, provide a discussion that substantiates their point of view. Do you agree

1) Many economists are convinced that fuel has a relatively inelastic demand curve, provide a discussion that substantiates their point of view. Do you agree with this view? Why or why not?

2) Is Coase's theorem valid? Why or why not? How does Coase's theorem address the problem of environmental pollution control? Does this make sense? Why or why not?

please cite references.

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