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Suppose on-street parking near BYU campus causes congestion for Provo residents. Which of the following would represent a Coase solution to this externality? A. Provo
Suppose on-street parking near BYU campus causes congestion for Provo residents. Which of the following would represent a Coase solution to this externality?
A. Provo city auctions 1000 parking permits that are required for anyone to park on the street.
B. Provo city decrees that the owner of a house can decide who is allowed to park on the street in front of their home.
C. Provo city forbids more than one car parked on the street for each home.
D. Provo city sets a $50/month parking permit required to park on the street.
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