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Suppose there were no transactions costs or free-riding (a free-market environmentalists' heaven). Suppose also that the marginal costs of clean-up were: MC=X. How much clean-up

Suppose there were no transactions costs or free-riding (a free-market environmentalists' heaven). Suppose also that the marginal costs of clean-up were: MC=X. How much clean-up would Coase predict would happen if Adam and Eve had the legal right to force the company that did the dumping to fully clean it up? Why

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