If you wish to assign property rights so that a previously existing externality is now fully accounted for in a market transaction,you have to solve:

Question

Quizplus · Accepted Answer

The problem described in the question is that of an externality, where the actions of one person affect the welfare of others, but the market transaction does not fully account for the welfare effects. Solving this problem requires internalizing the externality, which can be done by assigning property rights so that the person who creates the externality bears the costs or the person who values the externality receives compensation. The other options mentioned are not directly related to solving the externality problem described in the question.

If You Wish to Assign Property Rights So That a Previously