The Coase theorem reminds us that efficiency is all about _______ and says nothing about _______.
A)maximizing total surplus; the distribution of that surplus
B)equitably distributing surplus; maximizing that surplus
C)who gets the most surplus; whether a fair outcome is achieved
D)None of these are true.

Question

Quizplus · Accepted Answer

The Coase theorem emphasizes that efficiency involves maximizing total surplus without regard to how that surplus is distributed among the parties involved.

The Coase Theorem Reminds Us That Efficiency Is All About