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Eduncle posted an MCQ
March 02, 2020 • 17:17 pm 0 points
  • UGC NET
  • Economics

Given below are two statements – one is labelled as Assertion (A) and the other as labelled as Reason (R) : 
Assertion (A) : Parties to a dispute over property rights will be able to negotiate an economically optimal solution 
Reasons (R) : There are efficient, competitive markets and there are no transaction costs
In the light of the above two statements choose the correct option : 

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    Eduncle Best Answer

    Parties to a dispute over property rights will be able to negotiate an economically optimal solution. They are efficient competitive Markets and there are no transactions costs.

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