Every year in December, the Smith family decorates their home with a lavish display of Christmas decorations.
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Every year in December, the Smith family decorates their home with a lavish display of Christmas decorations. People come from all over Edmonton to look at the decorations. Consequently, the roads in their part of the city become congested. The Smiths’ neigh bours complain that at times their streets become impassable and they are virtual prisoners in their homes. Identify the externalities in this situation. Is the allocation of resources efficient?
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Related Book For
Public Finance In Canada
ISBN: 9781259030772
5th Canadian Edition
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
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