From the Coasean perspective, social efficiency is a problem only when there are impediments to ________.

Question

Quizplus · Accepted Answer

The Coasean perspective emphasizes the importance of property rights and bargaining in achieving social efficiency. When there are impediments to bargaining, such as transaction costs or incomplete information, social efficiency may not be achieved. Therefore, the best choice is B, which highlights the importance of bargaining. The other choices are not relevant to the Coasean perspective on social efficiency.

From the Coasean Perspective, Social Efficiency Is a Problem Only