What must be true for the Coase Theorem to hold?
For the Coase Theorem to hold; A.the government must monitor the negotiations to obtain an agreement.
B.transaction costs to obtain an agreement must be high.
C.all parties to an agreement must be willing to bluff.
D.all parties to an agreement must have fall information about the costs and benefits of the externality.
E.the externality must be negative.
