Multiple Choice
A key element of the Coase theorem is:
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Table of contents
- 0. Basic Principles of Economics1h 5m
- Introduction to Economics3m
- People Are Rational2m
- People Respond to Incentives1m
- Scarcity and Choice2m
- Marginal Analysis9m
- Allocative Efficiency, Productive Efficiency, and Equality7m
- Positive and Normative Analysis7m
- Microeconomics vs. Macroeconomics2m
- Factors of Production5m
- Circular Flow Diagram5m
- Graphing Review10m
- Percentage and Decimal Review4m
- Fractions Review2m
- 1. Reading and Understanding Graphs59m
- 2. Introductory Economic Models1h 10m
- 3. The Market Forces of Supply and Demand2h 26m
- Competitive Markets10m
- The Demand Curve13m
- Shifts in the Demand Curve24m
- Movement Along a Demand Curve5m
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- Market Equilibrium8m
- Using the Supply and Demand Curves to Find Equilibrium3m
- Effects of Surplus3m
- Effects of Shortage2m
- Supply and Demand: Quantitative Analysis40m
- 4. Elasticity2h 16m
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- Total Revenue Test13m
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- Price Elasticity of Supply on a Graph3m
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- Quantitative Analysis of Price Ceilings and Price Floors: Finding Points20m
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- 6. Introduction to Taxes and Subsidies1h 46m
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- Four Market Model Summary: Perfect Competition5m
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- 18. Consumer Choice and Behavioral Economics1h 16m
7. Externalities
Private Solutions to Externalities: The Coase Theorem
Multiple Choice
It is possible to remedy a positive externality by:
A
Introducing a tax
B
Introducing a subsidy
C
Doing nothing because it is good to have positive externalities
D
None of the above
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Master The Coase Theorem with a bite sized video explanation from Brian Krogol
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