The Proposition That,if Transaction Costs Are Low Enough and Property

question 118

Multiple Choice

The proposition that,if transaction costs are low enough and property rights are well-defined,the private market can achieve an efficient outcome,regardless of which of the affected parties hold the property rights,is known as the:

• A)Coase theorem.
• B)property rights paradigm.
• C)market rights theorem.
• D)green environment paradigm.

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Definitions:

Motivation

The extent to which persistent effort is directed toward a goal.

Support

Assistance or backing provided by an individual or group to help others in need or to achieve a goal.

Unfreeze

The initial stage of the change process where the goal is to overcome inertia and dismantle existing mindsets.

Motivated To Change

The state of being driven or inclined towards making alterations or adjustments in behavior, situation, or environment.