Which of the following is the most likely to prevent Coasian solutions from solving externality problems?

Question

Quizplus · Accepted Answer

Asymmetric information can prevent Coasian solutions from solving externality problems because the parties involved may not have access to the same information, which can lead to challenges in negotiating and reaching an agreement. In contrast, a single source or victim of an externality, a lack of transaction costs, and an externality that takes effect immediately can all potentially be addressed through Coasian bargaining.

Which of the Following Is the Most Likely to Prevent