MCQOPTIONS
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| 1. |
The idea that when externalities are present private parties can arrive at the efficient solution without government intervention under certain circumstance is known as ? |
| A. | The coase theorem |
| B. | Arrow’s impossibility theorem |
| C. | the drop -in-the bucket problem. |
| D. | the free rider problem |
| Answer» B. Arrow’s impossibility theorem | |