People Seldom Break a Line While Waiting for Checkout in a Supermarket.In

question 70

Multiple Choice

People seldom break a line while waiting for checkout in a supermarket.In this example,________ is used to solve an externality.

• A) the Coasian approach
• B) the Pigouvian approach
• C) a command-and-control mechanism
• D) a social enforcement mechanism

---

Definitions:

Express Warranties

Explicit promises or assurances made by a seller regarding the condition, functionality, or quality of a product.

Common Law Language

The language used in common law jurisdictions, based on judicial decisions and customs, as opposed to statutes.

Implied Warranty

An unwritten guarantee that a product will meet a minimum level of quality and functionality.

Merchantability

A warranty that goods sold will be of average quality, fit for the general purpose for which they are sold.