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_____ theorem states that if transaction costs are minimal (near zero) , a bargain struck between beneficiaries and victims of externalities will be efficient from a resource allocation perspective.
Title
Legal term for the formal right of ownership of property.
Future Goods
Future goods are goods that are to be manufactured, produced, or acquired by the seller after the making of a contract of sale.
Risk of Loss
The potential for an investment or transaction to result in a decrease in value or financial loss.
Identified
Recognized or established as being a particular entity or thing.
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