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Posts: 2658
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4 years ago
The Coase theorem states that
A) government intervention is always needed if externalities are present.
B) assigning property rights is the only thing the government should do in a market economy.
C) under certain conditions, the property right to an activity will be acquired by the party that values it most.
D) a free-market equilibrium is the best solution to address externalities.
Textbook 
Economic Analysis of Social Issues
Edition: 1st
Author:
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wrote...
3 years ago
C
wrote...
3 years ago
Very, very helpful. Will mark this topic solved.
wrote...
3 years ago
You're welcome.

Feels nice to be right Face with Stuck-out Tongue

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