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The Coase theorem states that when externalities are present, under certain conditions Group of answer choices private parties can achieve the efficient outcome if there
The Coase theorem states that when externalities are present, under certain conditions
Group of answer choices
private parties can achieve the efficient outcome if there is government intervention
private parties can achieve the efficient outcome without government intervention
private parties can never achieve an efficient outcome
private parties will hold out for a better deal, making achieving the efficient outcome impossible
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