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The Coase theorem states that

Krispylynn33

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6 months ago

The Coase theorem states that

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transaction costs consist of marginal private costs and marginal social costs and are higher when exchange is subject to increasing marginal costs.

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transaction costs are the difference between marginal social costs and marginal private costs and are higher when exchange is subject to decreasing marginal costs.

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when transaction costs are significant, the resource-allocative outcome will be the same regardless of who is assigned the property rights.

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when transaction costs are insignificant, the resource-allocative outcome will be the same regardless of who is assigned the property rights.

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b and c

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Economics

Edition: 12^th

Author: Arnold

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rl679

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More solutions for this book are available here

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Krispylynn33 Author

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6 months ago

This site is awesome

Ivansitospeed@g

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Correct

Lourd Jenkins

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Thanks for your help!!

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