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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 29
The people in a particular state have demanded that their government change the existing law for eminent domain, which provides fair market value for seized property, to be more "fair" to landowners. Give an example of a change the government could suggest in order to ensure that its constituents are satisfied. What is a potential problem with providing more than fair market value for seized property?
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Economic Analysis of Social Issues 1st Edition by Alan Grant
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