Which of the Following Statements Is Correct

Which of the following statements is correct?

A) The presence of property rights sometimes gives rise to market failure.
B) Property rights are only relevant in markets where they are well-defined.
C) The absence of property rights sometimes gives rise to market failure.
D) In the context of public goods, efficiency in most markets can be improved by the elimination of property rights.
E) Government regulation of private behavior, in response to market failure, rarely can improve social well-being.