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What is the Coase theorem? What are its implications?
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- Is there equal opportunity of economic advantage according to procedural fairness?What does the Heckscher-Ohlin theorem say? Does the theorem make intuitive sense? Why / why not?Give typing answer with explanation and conclusion 21) In which of the following situations would the Coase Theorem more likely be applied? A) Two neighbors: a farmer and a beekeeper. B) Highway drivers and the dwellers of neighborhoods crossed by the highway. C) A railroad and its adjacent landowners. D) None of the above.
