Private Solutions to the Problem of Externalities Are Most Likely

question 120

Multiple Choice

Private solutions to the problem of externalities are most likely when

• A)government actively encourages these solutions.
• B)transactions costs are low and the number of bargaining parties is small.
• C)transactions costs are low and the number of bargaining parties is large.
• D)transactions costs are low and the monetary damages to third parties are high.

---

Definitions:

United States

A country in North America known for its diverse culture and significant impact on global affairs.

Cancer Deaths

Refers to fatalities caused by cancer, a group of diseases characterized by the uncontrolled growth and spread of abnormal cells.

Cancer Cases

Instances or instances diagnosed with cancer, a disease characterized by the uncontrolled growth and spread of abnormal cells.

Prostate Cancer

A form of cancer that occurs in the prostate, a small walnut-shaped gland in men that produces seminal fluid.