According to Coase's theorem, what occurs when property rights are clearly established, legally enforceable, and transaction costs are low?

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An increase in population causes stricter land ownership rulesParties involved will arrange their exchanges efficientlyThere is a reduction in violence, displacement, soil degradation, and povertyPeople limit their excessive exploitation of natural resources

Explanation

Coase's theorem states that when property rights are well-defined and enforceable, and transaction costs are minimal, the involved parties will negotiate and organize their transactions to reach an efficient outcome.