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According to the Coase theorem, when negative externalities are present, a market will: always reach an efficient solution. reach an efficient solution if transaction costs are low and property rights are well-defined. reach an efficient solution only if the negative externalities are offset by positive externalities. reach an efficient solution only if the government intervenes in the market with a tax.
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According to the Coase theorem, when negative externalities are present, a market will: always reach...
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