According to the Coase Theorem, in the Absence of Bargaining

Multiple Choice

According to the Coase Theorem, in the absence of bargaining costs,:

A) property rights are key to determining the final outcome of a dispute.
B) regardless of the initial assignment of property rights, the parties will successfully bargain to the efficient outcome.
C) whichever party has more money will determine the outcome of a dispute.
D) whichever party has the larger initial assignment of property rights will control the outcome of a dispute.