Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) The establishment of property rights sometimes gives rise to market failure.
B) The absence of property rights sometimes gives rise to market failure.
C) In the context of public goods, the Coase theorem implies that total surplus in some markets can be improved by the elimination of property rights.
D) Government regulation of private behavior, in response to market failure, can never improve social well-being.