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Which of the following options is correct? According to the Coase theorem a

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Which of the following options is correct?

According to the Coase theorem

a. Government intervention is necessary to solve an externality problem.

b. Under certain conditions, the private market will solve externality problems.

c. The private market will usually solve externality problems, except when side payments are necessary.

d. An externality is a form of market failure.

e. Negative externalities are less efficient than positive externalities.