consider how or if the Coase Theorem can be applied to the following scenarios. Answer to these questions. a. Are property rights well defined? B.

consider how or if the Coase Theorem can be applied to the following scenarios. Answer to these questions.a. Are property rights well defined? B. Will trading take place?c. Are any of the assumptions required for the coase Theorem likely to be violated in an important way? a. A tomato paste factory has been in a town for decades. During the summer, when tomatoes are ripe, it runs 24 hours a day producing a lot of noiese, a lot of truck traffic and a distinct odor of tomato paste. A subdivison is proposed for vacant land next to the tomato paste factory. Those who would ove into the subivion may not like the noise, traffic, and odor produced by thier neighbor.B. May urban and suburban people in Michigan are moving to rural areas to get away form it all. They discover that framers are not always desirable neighborts