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would Like someone to clarify on these questions _?. Property rules (a) Require owners of entitlements to give their consent before someone else can acquire
would Like someone to clarify on these questions
_?. Property rules (a) Require owners of entitlements to give their consent before someone else can acquire the entitlement. (b) Only alloy.r owners to seek compensation when someone forcibly takes their entitlements- (c) Are not the basis for market exchange. (d) None of the above. _8. Liability rules (a) Are never preferred to property rules. (b) Are preferred to property rules with transaction costs are high. (c) Are based on consensual (market) exchange of entitlements. (d) All of the above. _9. The General Transaction Structure (a) Provides a general amework for thinking about the relationship between markets and law. (b) Concerns the assignment of entitlements and the mechanism governing their exchange. (c) Encompasses rules 'om torts: contracts, and property law as examples. (d) All of the above. _10. According to the economic approach to crime (a) At least some offenders are rational in the sense that they compare benets and costs of crime. (b) Punishment of criminals is based on the goal of optimal deterrence. (c) Criminal punishment serves the same economic function as an externality tax. (d) All of the aboveStep by Step Solution
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