The Coase Theorem Does Not Suggest That

The Coase Theorem does not suggest that:

A) firms exist because they are an effective means for minimizing transaction costs.
B) are well-equipped to deal with negative externalities, such as pollution.
C) it would be prohibitively expensive for each of us to organize production of all goods and services that we desire.
D) resource allocation remains inefficient so long as property rights can be freely assigned and exchanged.