Time Left03947 Sally ElYamany Attempt 1 0 Save aved Question

Time Left:0:39:47 Sally ElYamany: Attempt 1 0 Save aved Question 3 (0.5 points) Thet property rights does not change resource allocation but does influence the distribution of wealth. thereom states that if transaction costs are negligible a change in 1) Chase 2) Coase 3) Marginal 4) Meta Save

Solution

The correct choice is 2) Coase

Explanation:- The Coase theorem states that in the absence of transaction costs, the assignment of property rights does not affect the efficiency of resource allocation though it might cause resources to be diverted from one efficient allocation to another.