According to Coasian Reasoning, If Negotiation Is Costless

Multiple Choice

According to Coasian reasoning, if negotiation is costless:

A) irrespective of the initial distribution of rights, the efficient outcome will minimize the net benefit of the group.
B) the efficient outcome will minimize the net benefit of the individual who has more rights compared to the others in the group.
C) irrespective of the initial distribution of rights, the efficient outcome will maximize the net benefit of the group.
D) the efficient outcome will maximize the net benefit of the individual who has more rights compared to the others in a group.