The city of Falls Church, Virginia, subsidizes trees planted in homeowners' front yards when they are within
Question:
a. Using concepts in the chapter, explain why a municipality would subsidize trees planted on private property, but near the street.
b. Draw a diagram similar to Figure 16-4 that shows the marginal social benefit, the marginal social cost, and the optimal Pigouvian subsidy on trees.
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a Trees planted near the street provide external benefits They provide shade and so keep streets and ...View the full answer
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