Question: Compare and contrast between Von Thunen Model and the Sinclair Model as applied in Land economics. (8 marks) The cost approach to market valuation does

Compare and contrast between Von Thunen Model and the Sinclair Model as applied in Land economics. (8 marks) The cost approach to market valuation does not work well in markets that are overbuilt. Explain. (8 marks) Compare and contrast between cost, price and value concepts as used in agricultural land valuation. (7 marks) Explain the causes of inefficiencies of the land market. (7marks)

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