A Key Contribution of Ronald Coase Is That He Pointed

Multiple Choice

A key contribution of Ronald Coase is that he pointed out that private transactions are efficient when the number of parties involved is small

A) and when property rights are well defined and transactions costs are low.
B) and when property rights do not exist.
C) and that property rights are irrelevant to the existence of externalities.
D) and when corporations are not greedy.