Under Scenario 18.1, suppose the body of water lies on an internationa

Under Scenario 18.1, suppose the body of water lies on an international boundary, and the fishermen speak a different language than the factory managers. The efficient outcome cannot be achieved if the cost of hiring translators for both parties:

A) is less than $4,000.
B) equals $5,000.
C) is greater than $6,000.
D) none of the above

ANSWER

C