generally the coase theorem implies that the initial allocation of a property right: a. determines all aspects of the final outcome of teh negotiated agreementb. does not determine which person will be entitled to engage in the externality of generating activity, but does determine which person will receive compensationc. determines which person will be entitled to engage in teh externality generating activity but does not affect which person will receive compensationd. must be assigned to the person with the greatest costs.
