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:

Cerebrum

The largest part of the brain, consisting of the right and left hemispheres, responsible for voluntary activities and higher functions like thought and action.

Crista Ampullaris

A sensory organ located within the ampulla of each semicircular duct in the inner ear, detecting rotation of the head.

Lumen

The inside space of a tubular structure, such as an artery or intestine.

Bony Labyrinth

The rigid, outer structure of the inner ear, comprising the cochlea, vestibule, and semicircular canals, and contains the vestibular and auditory apparatus.