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Business, 07.07.2020 20:01 candymorgan81

Suppose two neighborhoods (A and B) have identical housing, but neighborhood A has a strictly enforced deed restriction that prohibits homeowners from parking junk car in the front yard. If houses in neighborhood A sell for $105,000 and house in neighborhood B sell for $100,000, how would an economist value the external cost of visible junk cars, per house?

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Suppose two neighborhoods (A and B) have identical housing, but neighborhood A has a strictly enforc...

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