1.4. At indoor shopping malls, who makes sure that no business plays music too loud, no store...
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1.4. At indoor shopping malls, who makes sure that no business plays music too loud, no store is closed too often, and that the common areas aren't polluted with garbage? What incentive does this party have to prevent these externalities? Does your answer help explain why parents are quite happy to let their preteen and teen children stroll the malls, as in the Kevin Smith movie Mallrats?
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Related Book For
Modern Principles Microeconomics
ISBN: 9781429239998
2nd Edition
Authors: Tyler Cowen, Alex Tabarrok
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