According to Ronald Coase, which of these is NOT necessary to achieve a socially optimal level of pollution?

Question

Quizplus · Accepted Answer

Ronald Coase, in his theorem, suggests that if property rights are well-defined, information is good, and transaction costs are low, parties can negotiate to solve externalities like pollution, leading to a socially optimal outcome. Low production costs are not a necessary condition in his framework.

According to Ronald Coase, Which of These Is NOT Necessary