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According to the Coasian efficiency rule, if the emitter of an adverse effect has a lower cost of ceasing the harm (than the victim has
According to the Coasian efficiency rule, if the emitter of an adverse effect has a lower cost of ceasing the harm (than the victim has of avoiding the harm), then an efficient outcome occurs when Multiple choice question. the emitter is made liable. no liability is assigned
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
