A Key Contribution of Ronald Coase Is That He Pointed

question 164

Multiple Choice

A key contribution of Ronald Coase is that he pointed out that private transactions are efficient when the number of parties involved is small

• A) and when property rights are well defined and transactions costs are low.
• B) and when property rights do not exist.
• C) and that property rights are irrelevant to the existence of externalities.
• D) and when corporations are not greedy.

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