Question

Say that transaction costs are high because there are many parties to a property use dispute. If the externality is caused by, say, a paper firm polluting a river by placing dioxin in the river, then the Coasean analysis of property rights disputes implies that the most efficient solution will be to place liability on the paper firm since it is the party causing the externality.
A. True
B. False

Answer 1

Answer:

trueh

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