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Question
Citizens of Tinytown are considering building a new park. If each voter in Tinytown has a reservation price that is less than the total cost of the park, then:A. the benefit of the park is less than the cost of the park, so the park should not be built.
B. some sort of collective action by voters will be necessary to fund the park.
C. a private firm will have an incentive to build the park.
D. the park will never be built.
Answer
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Related questions
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