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Any help would be great. The economic institution where ownership is held collectively by a group: Select one: a. Open Access O b. Property Rights

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The economic institution where ownership is held collectively by a group: Select one: a. Open Access O b. Property Rights c. Common Property O d. Government Ownership Clear my choiceWhich of the following makes the elasticity of demand for gasoline low? Select one: a. Gas is a necessity b. There are few substitutes for gas c. Consumers are basically stuck with the vehicle they own in the short-run d. all of the above Clear my choice In economics, the term "free rider" is associated with: Select one: a. all market goods O b. both private and common goods, as both are rivalrous. . c. producing goods that have characteristics of public goods. O d. the overallocation of the resources to transportation facilities. Clear my choice An example of a transaction cost is Select one: a. the marginal cost of reducing a negative externality b. the cost associated with drawing up a binding contract to reduce a negative externality. c. the cost associated with not reducing a negative externality O d. the cost of a negative externality on othersSuppose a fisherman and a paper mill share a stream. If no-one owns the stream, the paper mill will discharge waste into the stream, making it unusable for the fisherman. If the fisherman owns the stream, he can prevent the mill from discharging into the stream, or allow the mill to discharge for a fee, if that is beneficial to him. The fisherman's willingness to pay for a clean stream is $1,000 The paper mill's cost to clean up the stream is $1,500 Hint: The fisherman and the paper mill can negotiate. Suppose the fisherman has the right to a clean stream but can allow discharge for a fee, the stream will be: Select one: a. Clean b. Polluted c. Not enough information Clear my choice

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