What does the coase theorem suggest will take place

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Suppose an individual enjoys lawn care and gardening a great deal. He uses pesticides to control insects and the harmful residue drifts across the neighborhood. He values the use of the pesticides at $10,000 and the neighborhood values clean air at $15,000. What does the Coase theorem suggest will take place?

Reference no: EM131100508

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What does the coase theorem suggest will take place : What does the Coase theorem suggest will take place?

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