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Question
Suppose a large tree on Adamʹs property blocks Eveʹs view of the ocean. Adam accepts Eveʹs offer of $15,000 to cut down the tree. This is an example of
A) internalizing externalities via voluntary agreements.
B) a result of logrolling.
C) a consequence of a positive externality.
D) a consequence of private costs exceeding social costs.
Answer
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Related questions
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Why?
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