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A Landfill Site Produces an Obnoxious Odor

Question 48

Multiple Choice

A landfill site produces an obnoxious odor.Homes downwind of the site rent for $1000 per month while homes upwind of the site rent for $1500 per month.If the odor is the only detectable difference between two neighborhoods,the difference in the rent is the ________ of the odor.


A) social cost
B) external cost
C) private cost
D) marginal cost-benefit
E) private benefit

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