The Coase theorem states that some problems involving externalities can be solved by private bargaining and without government intervention.

Name: The Coase theorem states that some problems involving externalities can be solved by private bargaining and without government intervention.
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The Coase theorem posits that if property rights are clearly defined and transaction costs are negligible, parties can negotiate to solve externalities on their own without the need for government intervention.

The Coase Theorem States That Some Problems Involving Externalities Can