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Consider a public park. The value of a recreational trip (V) to an average visitor (N) is: V = 40 - 2N and the marginal
Consider a public park. The value of a recreational trip (V) to an average visitor (N) is: V = 40 - 2N and the marginal value of a trip (MV) is: MV = 40 - 4N The cost of a trip is $16. To achieve the social optimum, the government could introduce a $___ tax on entry
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