The Coase Theorem Does Not Imply Which of the Following

question 11

Multiple Choice

The Coase Theorem does not imply which of the following?

• A)Resources will be allocated efficiently in the absence of transactions costs.
• B)Resources will move to their highest valued use in there are no transactions costs.
• C)The initial allocation of property rights does not matter to the parties involved.
• D)The allocation of resources is independent of the assignment of property rights if transactions costs are zero.

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