Suggest the efficient choice between the liability rules, Business Economics

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Suggest the efficient choice between the liability rules

Suggest the efficient choice between the Liability Rules and Property Rights for the context/situation wherein

(a) transaction costs of private bargaining are low

(b) assessment of individual valuations by a third party is difficult

Explain your answers.

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Business Economics: Suggest the efficient choice between the liability rules

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Business Economics: Suggest the efficient choice between the liability rules

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