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Phydeaux Phydeaux
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6 years ago
A condominium building with 40 residences pays a groundskeeper $2,000 a month to maintain the grass and gardens. An economist recommends that each residence pays 1/40 of the cost ($50) each month as part of their condo fees because
A) there are no property rights in a condominium.
B) the gardens are a non-excludable public good and no one will pay voluntarily.
C) private decisions will cause overuse of the gardener's services.
D) this is the standard approach for dealing with negative externalities.
E) the groundskeeper has price-making power.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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martrekmartrek
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6 years ago
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Phydeaux Author
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6 years ago
Good timing, thanks!
Loruiz15
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Yesterday
Smart ... Thanks!
annabananerz
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2 hours ago
Just got PERFECT on my quiz
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