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Imagine a situation where San Francisco's mayor initiates new regulation, allowing speedy conversion of vacant unrented offices throughout the Financial District to be used as

Imagine a situation where San Francisco's mayor initiates new regulation, allowing speedy conversion of vacant unrented offices throughout the Financial District to be used as rental residential apartments instead. Suppose the mayor was asked to justify the policy and in response, she stated: "Vacant office real estate is a genuine public good, according to economic theory." Would that statement be an appropriate use of the market-failure concept, "public goods"? Why or why not?

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