If transaction costs of negotiating are ____,the ____ suggests that the private market ____ allocate resources.
A) low; Sexton Theorem; will not efficiently
B) high; Externality Theorem; will efficiently
C) high; Coase Theorem; will not efficiently
D) low; Coase Theorem; will efficiently
E) both c. and d.

Question

Quizplus · Accepted Answer

The Answer of If transaction costs of negotiating are ____,the ____ suggests that the private market ____ allocate resources.
A) low; Sexton Theorem; will not efficiently
B) high; Externality Theorem; will efficiently
C) high; Coase Theorem; will not efficiently
D) low; Coase Theorem; will efficiently
E) both c. and d.

If Transaction Costs of Negotiating Are ____,The ____ Suggests That

If Transaction Costs of Negotiating Are ,The Suggests That