What are golf course developers who buy the land around the golf course they build attempting to do?
A) Internalize external benefits.
B) Guarantee economic losses for tax purposes.
C) Impose external costs on nonconsenting third parties.
D) Turn a private good into a public good.

Question

Quizplus · Accepted Answer

Golf course developers who buy the land around the golf course they build are attempting to internalize external benefits. This means that they are trying to capture the benefits that others receive from their actions and include them in their own decision-making process. In this case, the developer is trying to capture the benefits that neighboring property owners may experience from having a golf course nearby, such as increased property values and improved quality of life.

What Are Golf Course Developers Who Buy the Land Around