Would the results in Question 4 depend on whether the revenues from the loud party tax were
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Would the results in Question 4 depend on whether the revenues from the loud party tax were actually redistributed to the neighbors? Or is that a value judgment about which people could have different opinions? (Hint: This is a complicated question. For simplicity, assume the tax revenue collected would be sufficiently small per neighbor as to negligibly affect any neigh- bor's income, hence demands for quiet.)
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Related Book For
Intermediate Microeconomics
ISBN: 9780155414969
1st Edition
Authors: Robert W. Clower, Philip E. Graves
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