All of the Following Statements Are True in the Context

question 91

Multiple Choice

All of the following statements are true in the context of the Coase theorem,except:

• A)private bargaining will not always produce an efficient outcome.
• B)as long as the property rights are clearly defined and enforced,bargaining between the parties can ensure an efficient outcome.
• C)the initial assignment of property rights has distributional implications but will not affect the attainment of an efficient outcome,as long as there is a small number of parties involved.
• D)government intervention is necessary to achieve an efficient outcome in the presence of externalities.

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Definitions:

Macula

A small central area of the retina in the eye, responsible for sharp, detailed central vision.

Vestibular System

The sensory system responsible for providing our brain with information about motion, head position, and spatial orientation; it also aids in maintaining balance.

Vestibular System

The sensory system that contributes to balance and spatial orientation; it includes the parts of the inner ear and brain that process the sensory information involved with controlling balance and eye movements.

Maintain Balance

The ability of an organism to keep their body in equilibrium or stable, whether in motion or standing still.