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Ann, Bob, and Carl live in an appartment. Ann plays the drums. The more she plays, the happier she is. Bob likes to read. The
Ann, Bob, and Carl live in an appartment. Ann plays the drums. The more she plays, the happier she is. Bob likes to read. The more Ann plays the drums, the less happy he is. Carl does not care how much Ann plays the drums. If there are no transaction cost, then according to the Coase Theorem, negotiations should lead to efficiency O a. only if Ann own the property right to determine how much she drums. O b. only if Bob owns the property right to determine how much Ann drums. O c. if any of Ann, Bob, or Carl owns the property right to determine how much Ann drums. O d. only if one of Ann or Bob owns the property right to determine how much Ann drums
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