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Economics Three neighbors live next to each other in Vancouver. Each of them owns their own apartment. One of the neighbors starts to smoke cigars
Economics Three neighbors live next to each other in Vancouver. Each of them owns their own apartment. One of the neighbors starts to smoke cigars and each cigar he smokes provides him with $50 worth of pleasure. Each of the other two neighbors suffers $55 dollars damage per cigar from the second hand smoke. What economic theory predicts? pls explain why
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