One Reason Why Property Rights Help Achieve an Efficient Level

question 194

Multiple Choice

One reason why property rights help achieve an efficient level of pollution is because property rights

• A) force the marginal private cost to equal the marginal social cost.
• B) force the marginal social cost to zero.
• C) force the marginal external cost to a lower level than marginal private cost.
• D) eliminate marginal private costs.
• E) change the marginal external cost so that they are equal to the marginal social benefit.

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Definitions:

Personal Appeals

A persuasive technique that involves appealing to someone's feelings, sympathies, or relationships rather than to logic or reason.

Sincere Flattery

Genuine and heartfelt compliments or praise given to others, intended to make them feel valued without ulterior motives.

Political Skill

The ability to understand and influence others for personal or organizational benefit within a political environment.

Managing Impressions

The practice of consciously controlling or influencing the perceptions and opinions others have of you.