The Coase theorem stresses that efficiency will result in all negotiations.

Name: The Coase theorem stresses that efficiency will result in all negotiations.
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The Coase theorem states that if trade in an externality is possible and there are no transaction costs, parties will negotiate to reach an efficient outcome regardless of the initial allocation of property rights. It does not guarantee efficiency in all negotiations, especially when transaction costs are significant.

The Coase Theorem Stresses That Efficiency Will Result in All