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iii. Calculate net benefits for the factory. iv. What is the total net gain from Coase bargaining? c. Assume the factory owns the property rights.

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iii. Calculate net benefits for the factory. iv. What is the total net gain from Coase bargaining? c. Assume the factory owns the property rights. (2 pts each) i. How much will the farmer pay the factory to reduce the amount the factory pollutes? ii. Calculate net benefits (benefits - costs) for the farmer. iii. Calculate net benefits for the factory. iv. What is the total net gain from Coase bargaining? 3) What is the tragedy of the commons? (2 pts)

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