Pigou taxes are unnecessary in the presence of transaction costs.
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Q2: A free-rider problem occurs when people can
Q3: Strict liability is the liability that exists
Q4: In the absence of transactions costs,changes in
Q5: In the absence of transactions costs,changes in
Q6: Transaction costs arise when property rights are
Q7: Court decision involving torts are irrelevant to
Q8: Changes in property rights will not affect
Q9: Social costs are felt by consumers but
Q10: A Cap and Trade system is more
Q11: If all parties can enter into negotiations,social
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