According to the Coase theorem, the private market will need government intervention in order to reach an efficient outcome.

Name: According to the Coase theorem, the private market will need government intervention in order to reach an efficient outcome.
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The Coase theorem suggests that if property rights are clearly defined and transaction costs are low, private negotiations will lead to an efficient allocation of resources without the need for government intervention.

According to the Coase Theorem, the Private Market Will Need