Examlex
Which of the following is an imperative of Michael Hardt and Antonio Negri's Empire? Select all, but only those that apply.
Externalities
Economic side effects or consequences of an industrial or commercial activity that affect other parties without being reflected in the costs of the goods or services involved.
Coase Theorem
A principle that asserts if property rights are clearly defined and transaction costs are low, private negotiations will lead to the efficient resolution of disputes over the allocation of resources.
Transaction Costs
The costs that parties incur during the process of agreeing to and following through on a bargain.
Mutually Beneficial Agreement
An arrangement between parties where both or all receive benefits or advantages.
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