Order the answer to: Suppose a firm pollutes a stream that has a recreational

Paper help business-economics Order the answer to: Suppose a firm pollutes a stream that has a recreational

business-economics

Order the answer to: Suppose a firm pollutes a stream that has a recreational

Question Suppose a firm pollutes a stream that has a recreational value only when pollution is below a certain level. If transaction costs are low, why does the assignment of property rights to the stream lead to the same (efficient) level of pollution whether the firm or the recreational users own the stream?
Subject business-economics
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