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Evaluate the following interpretation of the Poletown decision: "The bargaining costs between GM and the neighbors are so high that, even if the valuation of GM’s desire to use their property was greater than the valuation on the neighbors’ desire to remain where they were, no bargain could have been struck. What the court is sanctioning here is a hypothetical market transaction that would have taken place but for the level of transaction costs."
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Evaluate the following interpretation of the Poletown decision: "The bargaining costs between GM and...
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