The Coase Theorem States That When Transactions Costs Are Low,then

The Coase theorem states that when transactions costs are low,then:

A) bargaining will never lead to a socially efficient allocation.
B) bargaining will lead to a socially optimal allocation only if liability is placed on the polluter.
C) bargaining will lead to a socially optimal allocation only if liability is placed on the victim of pollution.
D) bargaining will lead to a socially efficient allocation regardless of where liability is placed.
E) the governmental intervention becomes absolutely necessary.