According the Coase Theorem, the private sector can achieve social efficiency if the government:

Question

Quizplus · Accepted Answer

According to the Coase Theorem, the private sector can achieve social efficiency if property rights are well-defined and enforced. This allows individuals to negotiate and internalize externalities without the need for government intervention. Therefore, establishing and enforcing property rights is key to achieving social efficiency through private sector mechanisms. None of the other answers align with the Coase Theorem's solution.

According the Coase Theorem, the Private Sector Can Achieve Social