Business, 29.01.2021 16:40 eshaesmot12345

Brian loves opera and hates rock 'n' roll. Tim loves playing rock 'n' roll music at high volume. Unfortunately, they are next-door neighbors in an apartment building with paper-thin walls. In this case, (Brian/Tim) imposes a (Positive/Negative) externality on his neighbor in the form of noise pollution.
What command-and-control policy might the landlord impose?
(a) A rule that music could not be played above a certain decibel level
(b) A rental subsidy for those tenants who do not own any musical devices
(c) A tax on rent for those tenants who own speakers
Suppose the landlord lets the tenants do whatever they want.
True or False: According to the Coase theorem, Tim and Brian might not be able to reach an agreement if the transaction costs are high.
(True)
(False)

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Brian loves opera and hates rock 'n' roll. Tim loves playing rock 'n' roll music at high volume. Unf...

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