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Please don't copy ans 1. Which of the following statements about the travel cost method is false? 3.. The travel cost method estimates consumer surplus
Please don't copy ans
1. Which of the following statements about the travel cost method is false? 3.. The travel cost method estimates consumer surplus at a recreation site. b. The travel cost method is subject to hypothetical bias. 0. The travel cost method assumes recreationists would respond to increases in site entry fees in the same way they respond to increases in travel costs. d. None of the above 2. If policy-makers needed information about the existence value of an iconic environmental asset, such as old-grth mountain ash forests in Victoria, which of the following non-market valuation methods should they recommend be used to provide an estimate? 3.. Replacement cost. b. Travel cost. 6. Hedonic price method. d. Choice modellingStep by Step Solution
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