The Coase Theorem states that
A. if transaction costs are​ low, private deals will create externalities and result in inefficient outcomes.
B. if transaction costs are​ low, private bargaining will result in an efficient solution to the problem of externalities.
C. if transaction costs are​ low, the government will regulate an efficient solution to the problem of externalities.
D. if transaction costs are​ low, private markets will create externalities and result in efficient outcomes.
E. if imposed on free​ markets, government regulations will result in inefficient outcomes and create deadweight loss.