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    Microeconomics Theory with Applications
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    Exam 18: Assymmetric Information, the Rules of the Game, and Externalities
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    When BC Transit Built the Rapid Transit System in Vancouver
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When BC Transit Built the Rapid Transit System in Vancouver

Question 97

Question 97

Essay

When BC Transit built the rapid transit system in Vancouver we found that high- rise apartments were subsequently built around most of the stations. How might this have been inefficient?

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The value of the property surrounding st...

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