Question
There is much open access to the Hudson River, and GE in the past poured dangerous pollutants (PCV's) into the River. Which of the following
There is much open access to the Hudson River, and GE in the past poured dangerous pollutants (PCV's) into the River. Which of the following options describe both the transaction and free rider costs that were a barrier to the community's prevention of the problem.
transaction cost: it would have cost money to know what GE was putting in the water. free rider: many people would not contribute to the effort, depending on others to do the work. | ||
transaction cost: it costs GE money to engage in the transaction of waste elimination and they resist incurring the costs. free rider:a document attached to legal transactions without a fee | ||
transaction cost: The cost to people of transactions to find substitute products if the GE facility were to be shut down. free rider: The people who do not expect others to investigate GE | ||
none of the above |
Step by Step Solution
3.39 Rating (155 Votes )
There are 3 Steps involved in it
Step: 1
The detailed answer for the above question is provided below The correct answer is transaction cost ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started