For the Coase theorem to apply, all of the following conditions must be satisfied EXCEPT

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For the Coase theorem to apply, all of the following conditions must be satisfied EXCEPT

For the Coase theorem to apply, all of the following conditions must be satisfied EXCEPT
A) Liability rules must be established and enforced.
B) Only a few people can be involved.
C) There must be no impediments to bargaining.
D) The basic rights of the individuals must be clearly understood.

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