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book Economics: The Basics 1st Edition by Mike Mandel cover

Economics: The Basics 1st Edition by Mike Mandel

Edition 1ISBN: 978-0071316026
book Economics: The Basics 1st Edition by Mike Mandel cover

Economics: The Basics 1st Edition by Mike Mandel

Edition 1ISBN: 978-0071316026
Exercise 5
Suppose a town has lots of noisy restaurants which disturb their neighbors. The citizens would like to reduce the noise level, but without driving the restaurants away.
a) Based on this chapter, what are three approaches for controlling noise?
b) What are the advantages and disadvantages of each?
c) Which one would you pick?
Explanation
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Pollution has many negative externalitie...

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Economics: The Basics 1st Edition by Mike Mandel
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