Question: Elaborate this statement? In a space that doesn't have a public local group of fire-fighters, property holders who buy private fire assurance administrations give a
Elaborate this statement?
In a space that doesn't have a public local group of fire-fighters, property holders who buy private fire assurance administrations give a positive externality to adjoining properties, which are less in danger of the safeguarded neighbor's fire spreading to their (unprotected) house.
Step by Step Solution
3.47 Rating (144 Votes )
There are 3 Steps involved in it
The statement youve provided is discussing the concept of externalities in an economic context speci... View full answer
Get step-by-step solutions from verified subject matter experts
