We assumed in the text that families receive the public school subsidy at no direct cost. Yet

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We assumed in the text that families receive the public school subsidy at no direct cost. Yet families pay property (and other) taxes that are used to finance schools. Does this fact invalidate the analysis in the text?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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