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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Homework 06

Homework 06

Q Question 1 2 / 2 pts Property rights are protected by IncorrectQuestion 2 0 / 2 pts The Coase theorem will apply only if Question 3 2 / 2 pts In any case where there is a negative externality, it is better to form a government agency to solve the problem. Question 4 2 / 2 pts An efficient outcome can always be reached by requiring the individual who produces the externality to fully compensate individuals for any damage inflicted. Question 5 2 / 2 pts A television signal sent by cable is ________ in consumption and viewers are ________.

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1.injunctions and liability rules. 2.the amount of compensation that must be made to the damaged party is small. 3.FALSE 4.FALSE 5.nonrival; excludable