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Suppose a mining company and fishing farm share the same lake for their production and the mining company hold the property rights to the lake.
Suppose a mining company and fishing farm share the same lake for their production and the
mining company hold the property rights to the lake. In this case how does the fishing farm
create an incentive for the mining company to reduce its emission to the lake? How would both
parties be better off? Please your answer using MAC and MD graph
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