The idea that when externalities are present private parties can arrive at the efficient solution without government intervention under certain circumstance is known as ?

A. free rider problem

B. the drop -in-the bucket problem.

C. The coase theorem

D. Arrows impossibility theorem

Found an error? Read our corrections policy and report it in the comments below.

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.