When transactions costs are low,private actions to correct externalities are usually feasible.

Name: When transactions costs are low,private actions to correct externalities are usually feasible.
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When transactions costs are low, it means that it is easier and less costly to negotiate and enforce agreements between parties to address externalities. Therefore, private actions to correct externalities are more likely to be feasible.

When Transactions Costs Are Low,private Actions to Correct Externalities Are