A single-payer system, in which the government pays for all medical expenses for everyone, would eliminate all of the following problems EXCEPT the

The Coase theorem states that if transaction costs are low, the number of parties is small, and property rights are well established

A) the government must intervene to eliminate any externalities in the market. B) private transactions are efficient. C) there will be no pollution. D) Both answers B and C are correct.

Economists believe that most people's actions are rational and purposeful, not random and chaotic

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