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A number of firms have located in the western portion of a town after single-family residences took up the eastern portion. Each firm produces the same product and in the process emits noxious fumes that adversely affect the residents of the community.
a. Why is there an externality created by the firms?
b. Do you think that private bargaining can resolve the problem? Explain.
c. How might the community determine the efficient level of air quality?
given the following information about the market for gasoline quantities in millionsprice per gallonquantity
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Each year, public schools are rewarded with bigger budgets for achieving a rating of “excellent” or “recommended” and are punished for rating “needs improvement.” These ratings are based on meeting thresholds on a broad set of measures such as attend..
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The problem is a literature review belongs to Economics and it is explains about Currency Crisis. Currency crisis arises out of abrupt changes in the nominal exchange rates in the economy.
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