Multiple Choice
Brennan owns a dog whose barking annoys Brennan's neighbour Emily.Suppose that the benefit of owning the dog is worth $500 to Brennan and that Emily bears a cost of $700 from the barking.Assuming Brennan has the legal right to keep the dog,what is a possible private solution to this problem
A) Emily pays Brennan $499 to get rid of the dog.
B) Brennan pays Emily $650 for her inconvenience.
C) Emily pays Brennan $650 to get rid of the dog.
D) There is no private solution that would improve this situation.
Correct Answer:

Verified
Correct Answer:
Verified
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