The Coase Theorem states that externalities can always be eliminated by the market as long as property rights exist, the number of parties involved is small, and transactions costs are low

Indicate whether the statement is true or false

TRUE

Economics

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Statements about what ought to be are called

A) positive statements. B) normative statements. C) assumptions. D) implications.

Economics

Are there any cases where a monopoly is beneficial to the economy?

What will be an ideal response?

Economics