Externalities in environmental and natural resources quality

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What is the relationship between externalities in environmental and natural resources quality enjoyed by a large and diverse community, and the ownership rights of members of that community? Do the postulates of the Coase Theorem offer a possible solution to address related contentious issues among residents? Please state preconditions or postulates needed for using the Coase Theorem, and then explain if they would be met to obtain a resolution of the related externality issues.

Reference no: EM131090750

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