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1) Briefly explain what market-oriented environmental tools offer. 2) Explain why the city park is too small in a poor neighborhood and too large in

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1) Briefly explain what market-oriented environmental tools offer. 2) Explain why the city park is too small in a poor neighborhood and too large in a rich neighborhood. 3) In the context of both positive externalities and public goods, briefly explain why private firms or individuals might fail to make expenditures or investments that would produce broad social benefits

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