Ronald Coase Pointed Out That in Some Cases People Can

question 25

True/False

Ronald Coase pointed out that in some cases people can eliminate externalities themselves, without government assistance.

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Definitions:

Services Retailers

Businesses that sell intangible goods or services to consumers as opposed to physical, tangible products.

Mechanical Efforts

The physical work or labor applied through machines or mechanical processes in industrial or manufacturing contexts.

Supermarkets

Merchandise outlets that carry a wide and complex line of groceries, meat, dairy, produce, and baked goods plus a limited array of nonfood products.

Convenience Stores

Small retail outlets that offer a limited range of everyday items and are usually open for extended hours.