_____ theorem states that if transaction costs are minimal (near zero), a bargain struck between beneficiaries and victims of externalities will be efficient from a resource allocation perspective.

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The Coase Theorem, proposed by Ronald Coase, posits that if transaction costs are negligible, parties can negotiate agreements that lead to an efficient allocation of resources, regardless of the initial allocation of property rights.

_____ Theorem States That If Transaction Costs Are Minimal (Near