Several homeowners in a neighbourhood like to plant gardens in the spring. These gardens generate external benefits
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Several homeowners in a neighbourhood like to plant gardens in the spring. These gardens generate external benefits for those who reside in or visiting the neighbourhood. No government intervention is needed to remedy the externality; the outcome is efficient. Provide an explanation for why no government response is needed?
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This is an example of an inframarginal externality Consider a simple example to illustrate The pri...View the full answer
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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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