Mathematics, 04.08.2021 01:30 BackUpAccount

According to the Coase theorem, private parties can solve the problem of externalities if a. property rights aren't clearly defined. b. the initial distribution of legal rights favors the person being adversely affected by the externality. c. the number of parties involved is sufficiently large.

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According to the Coase theorem, private parties can solve the problem of externalities if a. propert...

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