Question
Which of the following prevents private market negotiations from adequately addressing an externality? Unclear property rights Perfect competition Allocative efficiency Low or zero transaction costs
Which of the following prevents private market negotiations from adequately addressing an externality?
Unclear property rights
Perfect competition
Allocative efficiency
Low or zero transaction costs
Perfectly symmetric information
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
