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The Coase Theorem states that under ideal economic conditions, where there is a conflict of property rights, the involved parties can bargain or negotiate terms
The Coase Theorem states that under ideal economic conditions, where there is a conflict of property rights, the involved parties can bargain or negotiate terms that will accurately reflect the full costs and underlying values of the property rights at issue, resulting in the most efficient outcome. Please discuss what the Coase Theorem and the discussion mentioned mean for pollution and the interest of those who suffer from pollution. Develop an argument to answer the questions. Please be explicit and consider using references.
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