According to the Coase theorem, Answers: a. the assignment of property rights lead to equitable but inefficient solutions to externality problems. b. externality problems can be solved efficiently by the assignment of property rights if transaction costs are low. C. it is necessary to assign property rights when bargaining costs are high.
According to the Coase theorem, Answers: a. the assignment of property rights lead to equitable but inefficient solutions to externality problems. b. externality problems can be solved efficiently by the assignment of property rights if transaction costs are low. C. it is necessary to assign property rights when bargaining costs are high.
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