Multiple Choice
According to the Coase theorem, _____ in order to solve a negative externality problem efficiently.
A) the property right must be assigned to the party with the least-cost alternative
B) the property right must be assigned to the victim of pollution
C) bargaining costs must be high
D) bargaining costs must be low
E) property rights must be determined by the government
Correct Answer:

Verified
Correct Answer:
Verified
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