निम्नलिखित में से कौन अधिकतम सामाजिक लाभ के सिद्धांत (principle of maximum social advantage) से संबंधित है?

The exclusion principle is NOT applicable to which of the following goods?

Given below are two statements: Statement I: The Coase Theorem states that in the presence of externalities, efficient outcomes are achievable through private bargaining between affected parties, regardless of the initial assignment of property rights, as long as property rights are well-defined and transaction costs are zero. Statement II: The Coase Theorem implies that government intervention (e.g., Pigouvian taxes) is always unnecessary for correcting externalities, even when transaction costs are positive. Choose the correct answer: