For each of the cases below, identify which of them are more consistent with the assumptions of the Coase Theorem (see Week 7 slides) that would produce a privately negotiated solution to a (negative) externality problem.What assumptions?Well-defined property rights and low transaction costs.You must identify which assumptions are violated or met to receive credit for each case.

(i)My neighbor would like me to remove a shrub in my front yard that is an eyesore to his family, not to mention its effect on the property value of his home. (-

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(ii)The entire neighborhood is annoyed that I park an old jalopy on my front lawn.They're also disgusted that I haven't painted my house for years so that the paint is cracking, the paneling is rotting, and so on. (-

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(iii)A coal-fire electricity plant dumps its leftover hot water into a nearby lake, killing the natural fish population.Thousands of homes line the lake bank. (-

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(iv)A coal-fire electricity plant dumps its leftover water into a nearby river, killing the fish population downstream.It turns out that downstream is found a large fishery, which, of course, is most affected by this.Past this fishery, the water cools so that it's no longer a problem. (-

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