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Related to the Economics in Practice on P

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Related to the Economics in Practice on p. 293 [605]: If the estate in the Chekhov play Uncle Vanya is earning 2 percent, the interest rate on suitable securities is 5 percent, and the securities are a better risk than the estate, should the state require a lower or higher price? What should the equivalent return on the estate be equal to?

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The estate should require the ...

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