Property Rule Assignment | Homework For You

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December 6th, 2019

a. What is the efficient number of trains to run per day? Explain.

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b. If the railroad’s right to run its trains is protected by the property rule, how many trains will it run? Explain.

c. If the farmers’ right to have the crops free from fires is protected by the property rule, how many trains will the railroad run? Explain.

d. If the farmers’ right to have the crops free from fires is protected by the liability rule, how many trains will the railroad run? Explain.Get Economics homework help today

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