Question: Two city councilors are debating whether to pursue a new
Two city councilors are debating whether to pursue a new project. Councilor Miles says it is only “worth it” to society if suppliers lower their costs to the city for the inputs to the project. Councilor Squeaky disagrees, and says it doesn’t matter—society is no better off with these cost concessions than it would be without the concessions. Where do you stand? Explain.
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