Are the following formulations of the economic test for which party to assign the property right to equivalent? If not, which is the best one.

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all 193143 stomer Service: 1,800.433.2304 U.S. Patent D701,571. Additional Patents Pending 1034611451H - bozs/ VeDio-asnowybysejjep (X01-YOU 9EZE ( WISH 01 SULJOJUO SKILCRAFT Are the following formulations of the economic test for which party to assign the property right to equivalent? If not, which is the best one? (a) Assign the right so as to minimize transaction costs. (b) Assign the right so as to maximize the probability that, if the right is more valuable to someone else than to the right holder, a transaction will occur. (c) Assign the right so as to make a transaction unnecessary to achieve efficiency. (d) Assign the right so as to minimize the sum of transaction costs and the losses resulting from failures to make value-maximizing exchanges. Arial 3 (12pt)