Business, 13.12.2019 02:31, jamarstand
Mr. leghorn lives next door to mr. fudd. during hunting season, mr. fudd likes to shoot rabbits in his backyard, which activity he values at $900. the noise from the shooting disturbs mr. leghorn and prevents him from taking afternoon naps, which he values at $500. if mr. leghorn has the legal right to stop mr. fudd from hunting, the socially optimal outcome is for:
a. mr. fudd to pay mr. leghorn between $500 and $900 to continue hunting.
b. mr. fudd to pay mr. leghorn less than $500 to continue hunting.
c. mr. fudd to stop hunting.
d. mr. leghorn to pay $500 or less to get mr. fudd to stop hunting.
Answers: 3
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Mr. leghorn lives next door to mr. fudd. during hunting season, mr. fudd likes to shoot rabbits in h...
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