According to Coase

Multiple Choice

According to Coase,

A) government regulation will almost always be necessary to eliminate negative externalities
B) externality problems can be solved efficiently by the assignment of property rights if transaction costs are low
C) when bargaining costs are high, it is necessary to assign property rights
D) assignment of property rights will lead to equitable but inefficient solutions to externality problems
E) there really is no externality problem with renewable resources