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A rancher's cattle is getting into a farmer's wheat. The farmer is displeased because a low-cost barbed wire fence could be constructed to fix this
A rancher's cattle is getting into a farmer's wheat. The farmer is displeased because a low-cost barbed wire fence could be constructed to fix this problem. What does the Coase theorem predict could happen, depending on what property law says about the farmer's right to his cropland? More than one choice may be correct. Correct Answer(s) The government pays for the fence. The fence does not get built. The rancher pays to build a fence. The farmer pays to build a fence. Incorrect Answer(s)
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