The major implication of the _______ is that individuals can solve many externalities if they can buy and sell the right to generate the externality.
A)Sherman Act
B)Coase Theorem
C)tragedy of the commons
D)prisoner's dilemma

Question

Quizplus · Accepted Answer

The Coase Theorem states that,if people can costly negotiate the purchase and sale of the right to generate an externality,they can arrive at efficient solutions.

The Major Implication of the _______ Is That Individuals Can