Mr Jones and Mr King are two neighbouring farmers and the only two users of a dirt track connecting their farms to the main road. The quality of this dirt track will affect both farmers' travel times into town and depends on how much each farmer uses the dirt track and how much effort each farmer puts into the maintenance of the dirt track. Suppose the two farmers agree to meet and discuss the issue of how much to invest in the maintenance of the dirt track. Explain what a bargaining situation is and whether this meets the definition. Explain what the Coase Theorem says and discuss whether it has relevance here.