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thanhha78 thanhha78
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6 years ago
Suppose 100 townspeople value a statue of the local hero at $1 each, and construction of the statue would cost $90. Which of the following is true:
A) the statue will not be built because it is not efficient to build a statue that costs $90 if the townspeople value it at only $1.
B) It would be efficient to build the statue, but it may not be built because some of the townspeople who value the statue will not contribute to its construction.
C) the statue will not be built because the local government does not have the power to tax only those who value it.
D) It would be efficient to build the statue and it will be built because at least ninety of the townspeople will contribute to its construction.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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4 years ago
Thank you
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4 years ago
Thank you!
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