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Cuba Cuba
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8 years ago
A professional hockey franchise is trying to assemble a parcel of land to build an arena. There is one vacant warehouse on the land the franchise needs. In this case,
A) eminent domain will reduce transactions costs and make a pie-increasing arena possible.
B) eminent domain will reduce the likelihood of holdouts and make a pie-increasing arena possible.
C) eminent domain is not called for as the land can probably be acquired more efficiently through bargaining.
D) Both A and B are correct.
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
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IloveChiIloveChi
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8 years ago
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Cuba Author
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#2
8 years ago
I have a major exam next week. Thank you for taking the time to answer. Problem solved.
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#3
8 years ago
Cool! Good luck with your exams.
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