Explain the assumptions outlined in the coase theorem

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Chapter 8 / Exercise 2
Exploring Microeconomics
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7.Explain the assumptions outlined in the Coase Theorem.
8.Explain and give an example of a positive externality and discuss the market outcome resulting from the externality. Then, highlight the different ways to solve this problem.
9.Analyze government’s role in the economy and government’s inefficiencies.
10. Explain moral hazard and adverse selection and give an example of each.
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Exploring Microeconomics
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Chapter 8 / Exercise 2
Exploring Microeconomics
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