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According to the Coase Theorem, Which of the Following Are

question 58

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According to the Coase theorem, which of the following are necessary for the efficient levels of pollution to be achieved?
I. Property rights are defined.
II. Transactions costs are low.


Definitions:

Brand

A unique identifier such as a name, logo, design, or symbol that sets a seller's products or services apart from competitors'.

Commercial Identity

A business's unique brand and public image, as recognized by consumers and within the marketplace.

Official Trade Dress

The visual appearance of a product or its packaging that signifies the source of the product to consumers, which can be legally protected under trademark law.

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