Business, 08.07.2019 18:10, khalibarnes001

In 2002, los angeles imposed a ban on new billboards. owners of existing billboards did not oppose the ban. why? what are the implications of the ban for producer surplus, consumer surplus, and welfare? who are the producers and consumers in your analysis? how else does the ban affect welfare in los angeles? (hint: the demand curve for billboards shifts to the right over time.)

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In 2002, los angeles imposed a ban on new billboards. owners of existing billboards did not oppose t...