A cost-effective policy is always socially efficient

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Reference no: EM13816190

Evaluate if the following statement are true, false, or uncertain

a. A cost-effective policy is always socially efficient.

b. Enforcement costs are critical to the success of environmental programs and should be included in the overall social costs of the program when evaluating different policy options.

c. The Cease theorem states that social efficiency can be obtained through bar gaining and that the gains to each party involved will be identical regardless of who has the rights.

Reference no: EM13816190

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