8. According to the Tiebout hypothesis, an efficient mix of public goods is produced when local land/housing

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8. According to the Tiebout hypothesis, an efficient mix of public goods is produced when local land/housing prices and taxes come to reflect consumer preferences just as they do in the market for private goods.

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Principles Of Microeconomics

ISBN: 9780691150093

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Nov 11, 2024 10:09 AM

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8. According to the Tiebout hypothesis, an efficient mix of public goods is produced when local land/housing

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Principles Of Microeconomics

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