A factory releases air pollutants that have a negative impact on the adjacent neighborhood (populated by 2,000

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A factory releases air pollutants that have a negative impact on the adjacent neighborhood (populated by 2,000 households). If the government could assign property rights to the air to either the factory or to the residents of the neighborhood, would this make a difference in the quantity of pollution generated? Explain.

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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