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3) True or False Are the following statements true or false? Explain in one seMence maximum. a} In a situation where the Coase theorem applies,
3) True or False Are the following statements true or false? Explain in one seMence maximum. a} In a situation where the Coase theorem applies, the outcome you get from assigning property rights and allowing bargaining will be the same as the socially efficient outcome. b} You can only have enforceable property rights over goods (or services) that are rival and excludable. c} Once a contract is formed and valid, it is always enforceable. d} There are situations where a void contract is still enforced
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