The notion that even in the presence of externalities, an economy can reach an efficient solution as long as the bargaining costs of making a deal are low is known as:

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The Coase theorem states that even in the presence of externalities, an efficient solution can be reached as long as the bargaining costs of making a deal are low. This can involve the affected parties coming to a mutually beneficial agreement, with or without the involvement of government intervention. The other options - corrective tax, network externality, and technology spillover - are all related to externalities but do not directly address the issue of bargaining costs and the Coase theorem.

The Notion That Even in the Presence of Externalities, an Economy