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In conclusion, while the Coase Theorem provides a theoretical framework for achieving efficient outcomes in disputes like that of Bill's restaurant and the irritated neighbors, real-world complexities often hinder its effectiveness. Parties embroiled in disputes should consider alternative resolution methods that account for the challenges of bargaining costs, information asymmetry, and power dynamics. By recognizing the conditions required for the theorem to work optimally, stakeholders can better navigate conflict resolution and strive toward outcomes that benefit all involved while avoiding the pitfalls of litigation.