The coase theorem states that
a. if transaction costs are low, private deals will create externalities and result in inefficient outcomes.
b. if transaction costs are low, private bargaining will result in an efficient solution to the problem of externalities.
c. if transaction costs are low, private markets will create externalities and result in efficient outcomes.
d. if transaction costs are low, the government will regulate an efficient solution to the problem of externalities.
e. if imposed on free markets, government regulations will result in inefficient outcomes and create deadweight loss.

Which type of market produces the highest level of output at the lowest price to consumers?

Which factors are examples of how technology may have affected the great migration apex

Not all members of the radio audience of orson welles' war of the worlds broadcast panicked immediately. indeed, some didn't panic until they looked out of the window and saw empty streets; others didn't panic until they saw streets full of traffic. it was after checking out the situation that these citizens decided that the martians had indeed invaded earth. this example illustrates that contagion can result when people look to others for the interpretation of ambiguous situations . can result when cultural norms reinforce people's most likely responses. occurs primarily because humans are by nature irrational creatures. is especially likely when people are motivated to make independent decisions.