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Suppose a City Builds a New Park That Is Advertised

Question 168

Multiple Choice

Suppose a city builds a new park that is advertised as being "open to the public," and the grass in the park is ruined by overuse within two months.This would be an example of _____.


A) adverse selection
B) moral hazard
C) the common-pool problem
D) a positive externality
E) arbitrage

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