If Transactions Costs Are Low, Then Assigning Property Rights in a Market

question 114

Multiple Choice

If transactions costs are low, then assigning property rights in a market with external costs i. increases the deadweight loss.
Ii. means private transactions are efficient.
Iii. means that only consumers must pay the external costs.

• A)i only
• B)ii only
• C)ii and iii
• D)i and iii
• E)i and ii

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