According to the Coase Theorem, Externality Problems May Be Solved

Multiple Choice

According to the Coase theorem, externality problems may be solved if the parties involved can negotiate. Which of the following is also required for an efficient solution?​

A) Clearly defined bargaining costs and low transaction costs
B) Enforceable bargaining costs and high transaction costs​
C) Enforceable property rights and low bargaining costs​
D) Enforceable property right and high bargaining costs​
E) Government intervention​