The Coase Theorem Works Provided

question 149

Multiple Choice

The Coase theorem works provided

• A)the transactions costs of an agreement are above a high level.
• B)the transactions costs associated with an agreement are low when compared with the costs of the externality itself.
• C)the costs of an externality are low when compared with the transactions costs of an agreement.
• D)both parties are willing to negotiate.
• E)transactions costs of an agreement are high when compared with the costs of the externality.

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