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Question 3 The Coase Theorem A requires that transactions (or bargaining) costs be small B requires that marginal damages be large. C requires that taxes

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Question 3 The Coase Theorem A requires that transactions (or bargaining) costs be small B requires that marginal damages be large. C requires that taxes fall entirely on buyers of the product. All of the above. Question 4 According to the Coase Theorem A clearly defined property rights will resolve the externality problem B bargaining between the source and the recipient of the externality will resolve the problem Both A and B. Neither A nor B

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