In opinion of Ronald Coase, pollution problems can best be resolved by

Question

Quizplus · Accepted Answer

Ronald Coase believed in the Coase theorem, which suggests that if property rights are properly defined and transaction costs are low, then the affected parties (polluters and those harmed by pollution) can engage in private bargaining and come to a mutually beneficial agreement that will result in the most efficient resolution of the pollution problem. Therefore, option B is the best choice.

In Opinion of Ronald Coase, Pollution Problems Can Best Be