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Because of the free rider problem * a. the Coase Theory often applies to real-world situations b. a needed side payment can shrink until it

Because of the free rider problem * a. the Coase Theory often applies to real-world situations b. a needed side payment can shrink until it is not large enough to compensate losers and still leave gainers better off c. side payments are necessary in order to achieve an efficient outcome d, externalities are less common than they would otherwise be

e, efficient outcomes can never be achieved

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