The Coase theorem states that under certain conditions, the efficient allocation of resources among parties can be attained through

Name: The Coase theorem states that under certain conditions, the efficient allocation of resources among parties can be attained through
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The Coase theorem posits that if trade in an externality is possible and there are no transaction costs, parties can bargain to reach an efficient outcome regardless of the initial allocation of property rights.

The Coase Theorem States That Under Certain Conditions, the Efficient