According to the Coase Theorem, the Private Market Can Achieve

According to the Coase theorem, the private market can achieve an efficient outcome:

A) as long as the enforcement of property rights costs less than the marginal benefit of emissions.
B) only if the property right to clean air is assigned to the polluter.
C) only if the property right to clean air is assigned to the party harmed by pollution.
D) if property rights are well defined and bargaining is costless.