Which party owns the domain name

Reference no: EM133653436

Question: While Kermit was setting up the website for his frog food business, he discovered that the domain name kermit.com is available for sale. Kermit pays $7.95 to register the domain in his name for a year. When the law firm Walker & Mitchell contacts Kermit about acquiring the domain kermit.com, Kermit offers to sell the site to the company for $50,000. Assume that there are no bargaining costs. According to the Coase theorem, the outcome of the bargaining will be efficient: regardless of which party owns the domain name. only if Kermit owns the domain name. only if neither party owns the domain name. only if the law firm owns the domain name.

Reference no: EM133653436

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