=+1. some states that are rich in natural resources, such as oil, the law separates the right

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=+1. some states that are rich in natural resources, such as oil, the law separates the right to above-ground use of the land from the right to drill below ground (called “mineral rights”). Someone who owns both the above-ground rights and the mineral rights can sell the two rights separately. Explain how this division of the property rights enhances efficiency compared to

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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