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According to the Coase theorem - carefully and strictly interpreted. a.if property rights are well defined but negotiation is not possible, the government should impose

According to the Coase theorem - carefully and strictly interpreted.

a.if property rights are well defined but negotiation is not possible, the government should impose the correct solution

b.there really are no environmental problems

c.if property rights are well defined and negotiation is possible then the government should require negotiation

d.if property rights are well defined and negotiation is possible, the environmental problem can be solved by negotiation

e.all of the above

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