onsider a situation in which a utility company emits high levels of sulfur dioxide and the company is not liable for the damages its pollution causes. According to the Coase​ theorem, government action is​ ______to achieve an​ ______amount of pollution.   A. not​ necessary; equitable   B. ​necessary; equitable   C. ​necessary; efficient   D. not​ necessary; efficient

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Consider a situation in which a utility company emits high levels of sulfur dioxide and the company is not liable for the damages its pollution causes. According to the Coase​ theorem, government action is​ ______to achieve an​ ______amount of pollution.
 
A.
not​ necessary; equitable
 
B.
​necessary; equitable
 
C.
​necessary; efficient
 
D.
not​ necessary; efficient
 
 
 
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