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The government is considering taking over/acquisition of private land to build a hospital. This would add $12,000 value to society. The land is 11 small

The government is considering taking over/acquisition of private land to build a hospital. This would add $12,000 value to society. The land is 11 small plots with market value of $1100. Each private owner values the small plot at $1150.

The large number of property owners involved makes transactions costs for the land through voluntary negotiations high or low?

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