According to Ronald Coase,for a free-market economy to work efficiently,there needs to be

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According to Ronald Coase, for a free-market economy to work efficiently, there needs to be an allocation of private property rights with low transaction costs. This is because when property rights are clearly defined and easily transferable, businesses can enter into transactions with each other without incurring high transaction costs. This, in turn, leads to more efficient and effective use of resources within the economy.

According to Ronald Coase,for a Free-Market Economy to Work Efficiently,there