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The Proposition That,if Transaction Costs Are Low Enough and Property

Question 118

Multiple Choice

The proposition that,if transaction costs are low enough and property rights are well-defined,the private market can achieve an efficient outcome,regardless of which of the affected parties hold the property rights,is known as the:


A) Coase theorem.
B) property rights paradigm.
C) market rights theorem.
D) green environment paradigm.

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