Multiple Choice
Property rights are incomplete because:
A) the Coase theorem does not hold.
B) it would imply that wealth is not maximized.
C) transaction costs are not zero.
D) the distinction between economic and legal property rights is fuzzy.
Correct Answer:
Verified
Correct Answer:
Verified
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Q48: The switch in property rights from fault
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Q56: Build a case supporting the following claim: