Short answers Question 1 [15 points] Should environmental and natural resource management policies only be considered when they pass a strict costbenet analysis? Why or why not? Your answer should include a description of how cost benet analysis works and build on material from class. Question 2 [15 points] According to the Coase theorem, if transactions costs are low and property rights are clearly dened, the market will solve the pollution externality and get to the socially optimal outcome even if the rm is granted the right to pollute. Explain why that happens using both narrative and a graph