Erick and Sandile live in a university hall of residence. Erick values playing loud music at R100. Sandile values peace and quiet at R150. Which of the following statements is true?
A) It is efficient for Erick to stop playing loud music regardless of who has the property right to the level of sound.
B) It is efficient for Erick to continue to play loud music.
C) It is efficient for Erick to stop playing loud music only if Sandile has the property right to peace and quiet.
D) It is efficient for Erick to stop playing loud music only if Erick has the property right to play loud music.
Correct Answer:
Verified
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