(coase theorem, applied.) consider two roommates monica and rachel who are sharing an apartment with a common kitchen. suppose monica owns the apartment. monica is obsessively tidy and organized, and becomes very annoyed when rachel leaves dirty dishes in the sink. it is worth $3 to rachel to be able to leave her dishes. a clean sink is worth $2 to monica.
part 1: what is the economically efficient arrangement of clean or dirty dishes? (clean/dirty)part 2: will that efficient arrangement will be negotiated? who will pay whom? a. no, coase says it will not be negotiated. b. yes, monica will pay rachel between $2 and $3.c. yes, rachel will pay monica between $2 and $3.d. yes, no money will change hands. part 3: suppose that it is rachel that owns the apartment. what is the efficient arrangement? is it the same as above? who will pay whom?