Social Studies, 25.01.2020 02:31 pstat
Private owners can gain by employing their resources in ways that are beneficial to others, and they bear the opportunity cost of ignoring the wishes of others. a. relators often advise homeowners to use neutral colors for a house because they will improve the resale value of a home. b. as an owner you can do whatever you want, but you will bear the costsof ignoring wishes of others who want to buy it from you, and the valueof the property depends on the value that others place on it. c. private ownership can give the incentive to the owner, to fulfill the wishes of others, and get the investment back, like a restaurant or school
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Private owners can gain by employing their resources in ways that are beneficial to others, and they...
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