Enforcement costs are critical to success of environmental

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Reference no: EM13817211

Evaluate the following statements are true, false or uncertain

a) A cost-effective policy is always socially efficient

b) Enforcement costs are critical to the success of environmental program and should be included in the overall social costs of the program when evaluating different policy options

c) The Coase theorem states that social efficiency can be obtained through bargaining and that the gain to each party involved will be identical regardless of who has the rights

Reference no: EM13817211

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