Which is not one of the conditions for the Coase theorem to hold?
A) The ownership of property is clearly defined.
B) The number of people involved is small.
C) The amount of money disputed is minor.
D) The costs of bargaining are negligible.

Question

Quizplus · Accepted Answer

The Coase theorem holds under certain conditions, which include clearly defined ownership, a small number of people, and negligible bargaining costs. However, the amount of money disputed is not a condition for the Coase theorem to hold.

Which Is Not One of the Conditions for the Coase