12. If a company pollutes the water and transactions costs are high, which of the following makes...
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12. If a company pollutes the water and transactions costs are high, which of the following makes the most economic sense?
a. All parties connected with the pollution should negotiate.
b. The company should be allowed to pollute.
c. The company should be liable for the damages it causes.
d. The company should go out of business.
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