Steven Cheung examined the relationship between beekeepers and apple growers. Cheung noted that: Pollination contracts usually i
nclude stipulations regarding the number and strength of ... [bee] colonies, the rental fee per hive, the time of delivery...the protection of bees from pesticides, and the strategic placing of hives." Cheung's suggests that the relationship between beekeepers and apple growers is an example of"
Coase Theorem <em>is an economic and legal principle established by economist Ronald Coase which reinforces that when there are complete competitive markets without transactions costs, </em>an adequate collection of inputs and outputs into and out of manufacturing-optimal distribution will also be chosen, irrespective as to how property rights are distributed.
