(Solved): Question 10 _(_())_(_()) ABC BBQ co. decides to open a new restaurant in the quiet town of Springf ...
Question 10
_(_())_(_())ABC BBQ co. decides to open a new restaurant in the quiet town of Springfield and the concept is immediately popular. Bob Smith the owner enjoys steadily growing profits through the first year and decides to expand their restaurant and add an outdoor music venue. This creates more jobs for the citizens of Springfield but the expansion also brings complaints from locals about the loud music late into the night. Bob makes sure the venue is not breaking any local noise codes and chooses to ignore the local complaints and continue with business as usual Identify the positive externality
_(_())_(_())High profits
_(_())_(_())Increase in jobs
_(_())_(_())Late music
_(_())_(_())Zero noise codes broken Question 11
_(_())_(_())Question 10
_(_())_(_())ABC BBQ co. decides to open a new restaurant in the quiet town of Springfield and the concept is immediately popular. Bob Smith the owner enjoys steadily growing profits through the first year and decides to expand their restaurant and add an outdoor music venue. This creates more jobs for the citizens of Springfield but the expansion also brings complaints from locals about the loud music late into the night. Bob makes sure the venue is not breaking any local noise codes and chooses to ignore the local complaints and continue with business as usual Identify the positive externality
_(_())_(_())High profits
_(_())_(_())Increase in jobs
_(_())_(_())Late music
_(_())_(_())Zero noise codes broken Question 11
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