Explain how this allocation suggested by the coase theorem

Reference no: EM1347621

An apple grower's orchard provides nectar to a neighbor's bees, while the beekeeper's bees help the apple grower by pollinating the apple blossoms. Use figure 16.2b to explain why this situation of dual positive externalities might lead to an under allocation of resources to apple growing and to beekeeping. Explain how might this allocation under allocation get resolved via the means suggested by the coase theorem?

Reference no: EM1347621

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