Which of the Following Is True of the Coase Theorem

question 97

Multiple Choice

Which of the following is true of the Coase theorem?

• A)The market generally ensures an efficient allocation of resources.
• B)The assignment of property rights determines the allocation of resources.
• C)Bargaining between parties can lead to an efficient allocation of resources if property rights are well defined.
• D)Private benefits exceed social benefits when property rights are ensured.

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