Is coases theorem valid

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Reference no: EM132454774 , Length: word count :- 250

Question 1: Many economists are convinced that fuel has a relatively inelastic demand curve, provide a discussion that substantiates their point of view. Do you agree with this view? Why or why not?

Question 2: Is Coase's theorem valid? Why or why not? How does Coase's theorem address the problem of environmental pollution control? Does this make sense? Why or why not?

Reference no: EM132454774

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