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Consider a large farm whose operations affect the pollution levels in a small lake. Suppose there is a cluster of 10 independently-owned restaurants that each

Consider a large farm whose operations affect the pollution levels in a small lake. Suppose there is a cluster of 10 independently-owned restaurants that each have an outdoor seating area next to the lake. The higher the level of production on the farm, the more polluted and foul-smelling the lake gets, which means that fewer customers want to dine at those restaurants. As such, there is a direct conflict between the activities on the farm and the profitability of the restaurants. Answer the following questions in the text box below. a) Is the quality of the lake a public good according to the technical definition? Carefully explain why or why not

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