Homework Answers
this economic transaction might suffer to the market faiLure due to externality Which is negative.
externality is defined as the consumption or production done by any party, which effects the third party also is called externality.
a negative externality is when social cost is more than private cost.
hence, in the given example, Belind is payimg just 3000$ to the Harry. but Andy also suffers from the bees. so, social cost is more than the private cost
hence, market fails.
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Please see attached Pictures. This is a homework assignment for Legal environment of Business that i...
Please see attached Pictures. This is a homework assignment for
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Please see attached Pictures. This is a homework assignment for
Legal environment of Business that i need help solving.
Stacy mails Jennifer an offer to sell Jennifer 43 bags of rice for $107.00. Jennifer replies to Stacy by mail, stating, " agree to pay $105.75 for 43 bags of rice. Neither Stacy nor Jennifer are merchants. What is the status of Stacy's offer. 1. a. Jennifer has accepted it b. Jenifer has rejected it and counteroffered c, Jennifer has breached...
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