Suppose that Abel builds a factory next to Bakers farm, and air pollution from the factory harms

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Suppose that Abel builds a factory next to Baker’s farm, and air pollution from the factory harms Baker’s crops. Is Baker’s property right to the land being violated? Is an externality present? What if the pollution invades Baker’s home and harms her health? Are her property rights violated? Is an externality present? Explain.

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Macroeconomics Private And Public Choice

ISBN: 9780538754286

13th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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