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Suppose your roommate smokes in your apartment, imposing a cost on you. The Coase theorem suggests that one solution would involve: a) the government establishing
Suppose your roommate smokes in your apartment, imposing a cost on you. The Coase theorem suggests that one solution would involve:
a) the government establishing that your roommate owns the air in your apartment.
b) recognizing the fact that no one can own the air in your apartment.
c) the government establishing that it owns the air in your apartment.
d) a government ban against the production of tobacco products.
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