According to the Coase theorem, which of the following are necessary for the efficient levels of pollution to be achieved? I. Property rights are defined.
II) Transactions costs are low.
A) I only
B) II only
C) both I and II
D) neither I nor II

Question

Quizplus · Accepted Answer

The Coase theorem states that if property rights are well-defined and transaction costs are low, parties can negotiate to reach an efficient outcome regardless of the initial allocation of rights.

According to the Coase Theorem, Which of the Following Are