The Proposition That If Transaction Costs Are Low Enough, the Private

question 207

Multiple Choice

The proposition that if transaction costs are low enough, the private market can achieve an efficient outcome regardless of which of the affected parties hold the property rights is known as the:

• A)Coase theorem.
• B)property rights paradigm.
• C)market rights theorem.
• D)green environment paradigm.

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Definitions:

BCG Matrix

A strategic business tool designed by the Boston Consulting Group that evaluates the relative performance of an organization's product portfolio based on market growth rate and market share.

Cash Cows

Products or business units that generate significantly more money than they consume, often providing the bulk of a company's profit.

Stars

High-performing items or individuals within a portfolio, business, or organization, typically showing significant growth potential and market leadership.

Retrenchment

A strategy or action taken by businesses to reduce costs or spending in response to economic challenges, often involving cuts in workforce, operations, or investment.