Better- defined property rights are preferred:
A)because ownership of assets leads to wealth.
B)as long as their marginal value is larger than their marginal cost.
C)due to the existence of high transaction costs.
D)because certainty is valuable.

Question

Quizplus · Accepted Answer

Better-defined property rights are preferred when their marginal value exceeds their marginal cost, as this ensures that the benefits of having clear rights outweigh the costs associated with establishing and maintaining them.

Better- Defined Property Rights Are Preferred