The Coase Theorem Says That, If the Appropriate Property Right

question 101

Multiple Choice

The Coase theorem says that, if the appropriate property right is assigned to ____, an efficient solution to an externality problem will be achieved.

• A) the party causing the externality
• B) the victim of the externality
• C) the party that can avoid the externality at the higher cost
• D) either one of the parties involved

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Definitions:

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Ongoing practice and application of abilities necessary for daily living and independence.

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