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If Transactions Costs Are High and the Number of Individuals

question 15

Multiple Choice

If transactions costs are high and the number of individuals involved is large,then the assignment of property rights _____.


Definitions:

Civil Court

A type of court where non-criminal matters are adjudicated, including disputes between individuals and organizations regarding rights, contracts, and property.

Right

An entitlement or justified claim to certain freedoms or entitlements according to legal, social, or moral principles.

Battery Case

A legal action or charge related to the unauthorized and harmful or offensive physical contact of one person by another.

Question Of Fact

A matter that pertains to what actually happened in a case, as opposed to a question of law, which deals with the application of legal principles.

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