The Coase Theorem points out that for an efficient outcome to result, it is irrelevant which party receives the property rights.

Name: The Coase Theorem points out that for an efficient outcome to result, it is irrelevant which party receives the property rights.
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The Coase Theorem suggests that as long as property rights are well-defined and transaction costs are negligible, parties can negotiate to reach an efficient outcome regardless of who initially holds the rights.

The Coase Theorem Points Out That for an Efficient Outcome