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Which of the following statements does%not refer to a moral limit of the Coase theorem?. Philosophy
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Philosophy
Which of the following statements does%not refer to a moral limit of the Coase theorem?
2019-08-06 08:42:09
Philosophy
Coase's theorem only applies in the presence of transaction costs.
Exchanges leading to efficient outcomes can be highly unfair.
Coase's bargaining solutions disregard distributional considerations.
The outcome of the exchanges among the affected parties depends on their relative bargaining power.
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