The most recent data indicates households in the top fifth of the income distribution earn more than ten times as much income as those in the bottom fifth

The Coase theorem states that

A) government intervention is always needed if externalities are present. B) assigning property rights is the only thing the government should do in a market economy. C) under certain conditions, the property right to an activity will be acquired by the party that values it most. D) a free-market equilibrium is the best solution to address externalities.

Compensating wage differentials explain some income differences

a. True b. False Indicate whether the statement is true or false