MCQOPTIONS
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| 1. |
According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ? |
| A. | population growth leads to rigid land rights |
| B. | participants will organize their transactions |
| C. | violence displacement erosion and poverty are minimized |
| D. | individuals overuse of the biosphere is curtailed |
| Answer» C. violence displacement erosion and poverty are minimized | |