One Condition for Individual Bargaining to Occur,according to the Coase

question 14

Multiple Choice

One condition for individual bargaining to occur,according to the Coase theorem,is that there must be:

• A) clearly defined property rights.
• B) many people affected and involved.
• C) government intervention to establish bargaining.
• D) government creation of a market for externalities.

---

Definitions:

Behavior

Everything we do that can be directly observed.

Social Facilitation Effect

The tendency for people to perform differently when in the presence of others, usually better on well-practiced tasks and worse on new tasks.

Genetic Predisposition

The inherent susceptibility to certain conditions or characteristics based on one's genetic makeup.

Arouses Us

Incites feelings, often of interest or excitement, in a group or individual.