Business, 27.07.2019 02:30 daemonacoster

The coase theorem states that
a. in the absence of transaction costs, private parties can solve the problem of externalities on their own.
b. subsidies are an efficient way for governments to remedy positive externalities.
c. industrial policies encourage technology spillovers.
d. taxes are an efficient way for governments to remedy negative externalities.

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The coase theorem states that
a. in the absence of transaction costs, private parties can sol...

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