According to the coase theorem, in the presence of externalities
a private parties can...
Business, 14.01.2020 06:31 miguelsanchez1456
According to the coase theorem, in the presence of externalities
a private parties can bargain to reach an efficient outcome.
b government assistance is necessary to reach an efficient outcome.
c the initial distribution of property rights will determine the efficient outcome.
d the assignment of legal rights can prevent externalities.
Answers: 3
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