Which of the following conditions contributes to the resolution of externality problems
Chapter 0, Problem 2(choose chapter or problem)
Which of the following conditions contributes to the resolution of externality problems as suggested by the Coase theorem? a. It is awkward for the parties involved to approach each other about the problem. b. There is ambiguity about the legal rights of the parties involved. c. There are many parties involved. d. Transaction costs are high. e. The legal rights of the parties involved are clearly defined.
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