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Temptation is greater when consumers perceive that they can get away with something and that it is worth doing.Thus,consumers may assess both ____ and ____.
Transaction Cost
Expenses incurred when buying or selling goods or services, including fees, taxes, and other charges.
Externality Problem
A situation in which a third party is affected by the consequences of a transaction or activity between others, either positively or negatively.
Private Contract
An agreement between private parties that creates mutual obligations enforceable by law.
Pollution Permits
Tradable permits issued by governments that allow the holder to emit a certain amount of pollution; used to control and reduce environmental harm.
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