Question: The Coase theorem does NOT apply if O a. there is a significant externality between two parties. O b. the court system vigorously enforces all

The Coase theorem does NOT apply if O a. there is

The Coase theorem does NOT apply if O a. there is a significant externality between two parties. O b. the court system vigorously enforces all contracts. O c. transaction costs make negotiation difficult. O d. both parties understand the externality fully

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