The four are: cabinet departments Independent executives agencies independent regulatory agencies government corporations. there is a 5th one, presidental commissions
B. through negotiations between the parties involved.
Explanation:
correct answer is through negotiations between the parties involved because According to Coase theory, priority rights are best defined by negotiation between the parties involved and there is no transaction cost in negotiations.
The Coase theory states that when transaction costs are low, both parties can negotiate and reach an effective outcome in the presence of an outsider.