Chapter-10 Q-5: Table options for Action: Buy ONe Permit, Buy Two Permits, Don’t

Chapter-10 Q-5: Table options for Action: Buy ONe Permit, Buy Two Permits, Don’t buy/sell, sell one permit, sell two permits In this case, you can conclude that eliminating pollution is Options: Less, More (Choose the correct answer) Chapter-10 Q-8: Total economic profit is highest when the recycling production method is . Options: Not Used, Used (Choose the Correct Answer) ———————————– Suppose the resort has the property rights to the river. That is, the resort has the right to a clean (unpolluted) river. In this case, assuming the two firms can bargain at no cost, the fish cannery will Options: Not Use, Use ————————————— the recycling method and will pay the resort per week. Options: $0, between $0 and $300, between $300 and $700, between $700 and $1000 ———————– Now, suppose the fish cannery has the property rights to the river, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the fish cannery will Options: Not Use, USE ———————————- the recycling method, and the resort will pay the fish cannery per week. Options: $0, between $0 and $300, between $300 and $700, between $700 and $1000 ————————————- The fish cannery will make the most economic profit when . Options: it has property rights to pollute the river, the resorts has property rights to a clean river