Near an Ocean Beach, a High-Rise Building Is Being Constructed

Multiple Choice

Near an ocean beach, a high-rise building is being constructed that will block the scenic view of the ocean for the residents of a low-rise building. The Coase theorem suggests that this type of dispute between the owners of high-rise and low-rise buildings

A) can be resolved by the owners themselves through private bargaining.
B) has to be resolved by city government officials.
C) can only be resolved by a zoning ordinance restricting high-rise buildings.
D) should be resolved by a government fine for the builder of the high-rise.