Multiple Choice
Brady owns a beachfront lot with a small house.During hurricanes,he refuses to leave and afterward he applies for government assistance to rebuild and files insurance claims for damages.By doing so,Brady is
A) increasing his economic surplus without harm to others.
B) imposing an external cost on himself.
C) imposing an external cost on rescue workers,taxpayers,and insurance policy holders.
D) treating his property as common property.
E) in a positional arms race.
Correct Answer:

Verified
Correct Answer:
Verified
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