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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 :
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....