Business, 28.10.2019 21:31, billybob8514
Mike miller is the town manager of medfield, a town with 50,000 residents. at a recent town meeting, several citizens proposed building a large public swimming pool in the center of town for all of the residents to enjoy. a survey of all 50,000 residents revealed that the pool would be worth $50 to each of them. because the cost to build the swimming pool is only $1,000,000, manager miller arranges to have the pool built. everyone in town enjoys the pool, but when manager miller asks for donations to pay for the pool, he only collects $250,000. manager miller soon realizes thata. the pool is a club good. b. the survey was conducted improperly. c. the cost of the pool exceeded the social benefits. d. most residents of the town are probably free-riders at the pool.
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Mike miller is the town manager of medfield, a town with 50,000 residents. at a recent town meeting,...
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