The Coase Theorem states that two criteria are necessary for affected parties to correct market failures themselves through bargaining: 1. clearly defined property rights and 2. low transactions costs. Which of the following is an example of "transactions costs" as defined by economists? Group of answer choices The costs of both the item and the negative externality together The cost of purchasing an item in a market The costs of gathering those who are negatively affected by a market and bargaining with the polluter The cost of the negative externality