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How could property rights influence the amount of damage done to the Arctic Sea and its wildlife? Property rights ________. A. play a limited role
How could property rights influence the amount of damage done to the Arctic Sea and its wildlife? Property rights ________. A. play a limited role in addressing this externality because there are billions of owners of the sources of carbon emissions and the transactions costs are too large B. create the efficient quantity of pollution in the Arctic according to the Coase theorem, regardless of the owner C. when combined with a subsidy can decrease the amount of damage done to the Arctic Sea and its wildlife D. are the best way to influence damage in the Arctic because most firms that contribute to the externality would ignore an emission fee or tax
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