Each year, the United States exports about 50 percent of its wheat crop.
Indicate whether the statement is true or false
Question 2
Suppose a negative externality exists in a market. If transactions costs are low and parties are willing to bargain then, according to the Coase theorem
A) an efficient solution can be reached only if property rights are assigned to the polluters.
B) government intervention is critical to reach an efficient solution.
C) an efficient solution can be reached only if property rights are assigned to the victims of the pollution.
D) an efficient solution can be reached regardless of the initial assignment of property rights.