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7.)  The Coase theorem states that any governmental “assistance” that requires increases in transaction costs is simply bad.  When Coase was asked “ What is an example of a bad regulation?”  He replied, “ I can’t remember one that’s good.”
 
7.)  The Coase theorem states that any governmental “assistance” that requires increases in transaction costs is simply bad.  When Coase was asked “ What is an example of a bad regulation?”  He replied, “ I can’t remember one that’s good.”
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[[Category:Economics Homework Five Answers]]
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