The Result That,under Certain Circumstances,no Government Action Is Needed to Control

question 39

Multiple Choice

The result that,under certain circumstances,no government action is needed to control an externality because it can be eliminated by bargaining between the affected parties is called

• A) a Nash Equilibrium.
• B) Coase Theorem.
• C) Bargaining Theorem.
• D) English Bargaining.

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Definitions:

Individuals

Persons considered separately from other members of a group or the collective groups to which they belong.

Social Identity Theory

A psychological theory proposing that a person's sense of who they are is based on their group membership(s).

Self-Esteem

An individual’s overall subjective emotional evaluation of their own worth or personal value.

Football Team

A group of players forming one side in competitive football games.