________ suggest(s) that in the presence of an externality bargaining can achieve the socially efficient equilibrium regardless of the initial allocation of property rights.
A) Liability laws
B) The Coase theorem
C) The legal doctrine of standing
D) The burden of proof
Correct Answer:
Verified
Q2: When a resource has no owner
A) it
Q3: Refer to the Figure above. If the
Q4: In the U.S. courts, those seeking to
Q5: Refer to the Figure above. If the
Q6: When people can negotiate with each other
Q7: Common law systems rely on court proceedings
Q8: Goods that give the same level of
Q9: The concept of strict liability means that
A)
Q10: Liability laws are an effective way to
Q11: Negligence is a form of common law
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