According to the coase theorem why would a steel plant, Microeconomics

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According to the coase theorem why would a steel plant

According to the Coase theorem, why would a steel plant that creates air pollution agree to curtail production (and, therefore, pollution) if it were not legally liable for the damage the pollution was causing? Must the property right to clean air be assigned to the victims of air pollution for the steel plant to agree to reduce pollution?

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Microeconomics: According to the coase theorem why would a steel plant

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