Given below are two statements - one is labelled as Assertion (A) and the other is labelled as Reason (R):
Assertion (A) : Parties to a dispute over property rights will be able to negotiate an economically optimal solution
Reasons (R): There are efficient. competitive markets and there are no transaction costs
In the light of the above two statements choose the correct option :
1
Both (A) and (R) are true and (R)is the correct explanation of (A)
2
Both (A) and (R) are true and (R) is not the correct explanation of (A)
3
(A) is true but (R) is false
4
(A) is false but (R) is true