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The Coase theorem suggests that private remedies may not be possible for problems of externalities: (a) unless the parties can bargain without cost.(b) if one
The Coase theorem suggests that private remedies may not be possible for problems of externalities:
(a) unless the parties can bargain without cost.(b) if one party benefits from the externality.(c) if one party is a monopoly.(d) unless the effect of the externality is large.(e) unless the government actively facilitates the private remediation process.
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