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02-23-2008, 07:43 PM
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| Economics Question!? Which of the following is not correct? a. Property rights provide incentives for the optimal use of resources. b. Pollution is a negative externality and causes markets to work inefficiently. c. If a legal system is running well, informal rules are not needed to keep markets efficient. d. For markets to be efficient, they must be open to the entry of new participants and the exit of current participants.      |
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