Ronald Coase pointed out that in some cases people can eliminate externalities themselves, without government assistance.

Name: Ronald Coase pointed out that in some cases people can eliminate externalities themselves, without government assistance.
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Quizplus · Accepted Answer

Coase's theorem states that if property rights are well-defined and there are low transaction costs, individuals can bargain and reach efficient solutions to externalities without government intervention.

Ronald Coase Pointed Out That in Some Cases People Can