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Question 19 (1.25 points) Thelma owns a cat which wakes up her roommate Louise at 6am every morning. Thelma enjoys cat ownership, but Louise bears
Question 19 (1.25 points) Thelma owns a cat which wakes up her roommate Louise at 6am every morning. Thelma enjoys cat ownership, but Louise bears a cost of Thelma's ownership of the cat. Assuming that Louise has the legal right to sleep as long as she likes, which action is necessary? O if Louise has the legal right to sleep, she only has to pay Thelma when her cost is below Thelma's benefit if Louise's cost exceeds Thelma 's benefit, Thelma will pay Louise to keep her cat O Thelma will pay Louise to be able to keep the cat if her benefit exceeds Louise's cost if Thelma's benefit exceeds Louise 's cost, government intervention is necessary
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