According to the Coase Theorem, Which of the Following Conditions

question 168

Multiple Choice

According to the Coase theorem, which of the following conditions must hold, in order for private solutions to externalities to be possible?
(i) bargaining costs are small
(ii) property ownership/rights cannot be defined
(iii) the number of parties involved is large

• A)(i), (ii) and (iii)
• B)conditions (i) and (ii) only
• C)condition (i) only
• D)conditions (i) and (iii) only

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