Question

The Coase theorem is the proposition that if property rights​ _____, only a small number of parties are involved and transaction costs are​ _____, then private transactions are​ _____ and the outcome is not affected by who has been assigned the property rights.

Answer 1

Exist, Low, Efficient.

Step-by-step explanation:

The Coase theorem is the proposition that if property rights​ exists, only a small number of parties are involved and transaction costs are ​low, then private transactions are​ efficient and the outcome is not affected by who has been assigned the property rights.