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According to the Coase's theorem, even in the presence of high transaction costs, all parties affected can always reach a mutually beneficial agreement to solve

According to the Coase's theorem, even in the presence of high transaction costs, all parties affected can always reach a mutually beneficial agreement to solve problems resulting from externalities. True or False?

According to the Coase's theorem, taxes can be implemented to reduce the effects of negative externalities. True or False?

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