The Coase Theorem Says That If Transaction Costs Are High

question 260

True/False

The Coase theorem says that if transaction costs are high and property rights are clearly defined, the private bargains will ensure that the market equilibrium is efficient even when there are externalities.

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Definitions:

Quantitative Variable

A variable with quantitative data.

Goals Scored

The number of times a goal is successfully made by a team or player in sports, notably in soccer or football.

Soccer Game

A team sport played between two teams of eleven players with a spherical ball, known globally and governed by a set of rules known as the Laws of the Game.

Categorical

Refers to variables that represent types of data which may be divided into groups.