According to the Coase Theorem, in Order to Solve a Negative

Multiple Choice

According to the Coase theorem, in order to solve a negative externality problem efficiently,

A) the property right must be assigned to the party with the least-cost alternative
B) the property right must be assigned to the victim of pollution
C) transaction costs must be high
D) transaction costs must be low
E) property rights must be determined by the courts