According to the text, what best explains the price for federal land that would have maximized real GNP?
A) Some price above zero that maximizes government revenues to be redistributed fairly to the people.
B) Some price above zero that minimizes negative environmental externalities.
C) A price equal to zero that eliminates the welfare loss associated with land not used for production.
D) A subsidized price that distributes land based on egalitarian principles.
Correct Answer:
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