When Private Bargaining Is Costly, Courts Tend to Assign Property

question 96

Multiple Choice

When private bargaining is costly, courts tend to assign property rights:

• A)to those parties likely to generate the highest social wealth.
• B)to those parties able to pay the highest bribes.
• C)to those parties likely to generate the highest private wealth.
• D)to those parties having the largest political clout.

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