The Coase Theorem Says That, If the Appropriate Property Right

question 106

Multiple Choice

The Coase theorem says that, if the appropriate property right is assigned to __________, an efficient solution to an externality problem will be achieved.

• A)the party causing the externality
• B)the victim of the externality
• C)the party that can avoid the externality at the higher cost
• D)the party that can avoid the externality at the lower cost
• E)either one of the parties involved

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Definitions:

Dwight Eisenhower

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the feeling of sadness or displeasure caused by the nonfulfillment of one's hopes or expectations.

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