The Coase Theorem Says That If Property Rights Exist and the Costs

question 148

Essay

The Coase theorem says that if property rights exist and the costs of enforcing them are ________,then the market outcome is ________ and it doesn't matter who has the property rights.
A) low; inefficient
B) high; inefficient
C) low; efficient
D) high; efficient
E) stable; efficient

• A) low; inefficient
• B) high; inefficient
• C) low; efficient
• D) high; efficient
• E) stable; efficient

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Definitions:

Evaluation Methods

Techniques or procedures used to assess the effectiveness, value, or impact of activities, projects, or programs.

Supplier Performance Management

A systematic approach to measuring and evaluating the performance of a supplier's ability to meet predefined quality, delivery, and cost objectives.

Performance Data

Quantitative information related to the efficiency, effectiveness, and outcomes of various processes, systems, or employees.

Future Performance

An estimate or forecast of a person's, system's, or entity's actions and achievements in a period that is yet to come.