according-to-the-coase-theorem-why-can-an-efficient-outcome-be-reached-regardles

Question

According to the Coase Theorem, why can an efficient outcome be reached regardless of which party holds the property rights?

Accepted Answer

Because parties can negotiate to reach a mutually beneficial agreement.

Answer

Because externalities are eliminated.

Answer

Because transaction costs are always zero.

Answer

Because government intervention ensures efficiency.