Multiple Choice
According to the Coase theorem,if the appropriate property right is assigned to __________,an efficient solution to an externality problem will be achieved.
A) the party that has a higher marginal social cost
B) the party that has a lower marginal social cost
C) the party that has a higher marginal private benefit
D) the party that has a lower marginal private benefit
E) either one of the parties involved
Correct Answer:
Verified
Correct Answer:
Verified
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