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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 9
Have you ever noticed that the grounds of city-owned parks are often more polluted than those of country clubs?
(a) Is it simply because people who use parks are less concerned with pollution compared with those who golf? Is that even true?
(b) Might the property-rights assignments have something to do with it? Who owns the city park? Who owns the country club?
(c) Though their grounds are often impeccably clean, country clubs tend to use powerful fertilizers that eventually seep into and pollute the water table below, causing problems for others in the surrounding community. Who owns the water table?
(a) Is it simply because people who use parks are less concerned with pollution compared with those who golf? Is that even true?
(b) Might the property-rights assignments have something to do with it? Who owns the city park? Who owns the country club?
(c) Though their grounds are often impeccably clean, country clubs tend to use powerful fertilizers that eventually seep into and pollute the water table below, causing problems for others in the surrounding community. Who owns the water table?
Explanation
Verified
Verified
Public goods are those goods which priva...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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