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According to the Coase theorem a. the private market will usually solve externality problems, except when side payments are necessary b. under certain conditions, the

According to the Coase theorem

a. the private market will usually solve externality problems, except when side payments are necessary

b. under certain conditions, the private market will solve externality problems efficiently

c. an externality is a form of market failure

d. government intervention is necessary in order to solve an externality problem

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