Barton and Statler are neighbors in an apartment complex in downtown Manhattan. Barton is a concert pianist,
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a. If Barton has the legal right to make any amount of noise he wants and he and Statler can negotiate with one another at no cost, will Barton install and maintain soundproofing? Explain. Is his choice socially efficient?
b. If Statler has the legal right to peace and quiet and can negotiate with Barton at no cost, will Barton install and maintain soundproofing? Explain. Is his choice socially efficient?
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