This misallocation can be resolved via the means suggested, Ask an Expert

Economics

This misallocation can be resolved via the means suggested by the Coase theorem because

apple growers and beekeepers can benefit from the other, so they will negotiate an optimal solution.

apple growers can rely on nearby bees at no cost.

apple growers and beekeepers can trade products with each other, so they will merge into one firm.

beekeepers can rely on nearby orchards at no cost.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92002867

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