Explain in words the Pigouvian case of negative externalities and why he claims this proves the price system in a free market can fail to achieve allocative efficiency (about 6-7 sentences). Explain how Ronald Coase proved that Pigou is wrong

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.