For diffusion to occur, there must be:

Market failure describes a situation in which the market itself ______________ in a way that balances social costs and benefits. 

A positive externality arises from a situation where a third party, outside the transaction:

Property rights are the legal rights of ownership to which other are:

The objective of imposing a higher pollution tax is to:

Insurance companies face the problem of ________ when people with highest probability of getting the insurance payoffs are the ones who purchase insurance.

Firms that pool money from individuals and/or institutions and invest in start-up firms are called

Consider the function  given by :

If you are given the graph K=(V,E) with V = {T, U, V, W, X, Y} and E = {{T,U}, {T,Y}, {U,Y}, {U,W}, {U,V}, {V,Y}, {V,W}, {W,X},{W,Y}}, what is the minimum number of edges you would have to add to have an Euler circuit? List the edge(s) you would add or write none if applicable.

Consider the function  given by :