Suppose that Pat has the legal right to fly an extremely noisy airplane over Chris's apartment and that he values that right at $1,000 per year.Chris would be willing to pay $800 per year to avoid the noise.In this case,
A) Pat will be required to eliminate the overflight
B) Chris will move to a new apartment
C) Pat and Chris have a powerful incentive to eliminate the overflight because both would benefit from it
D) some governmental agency will step in to require Pat to choose a different flight pattern
E) there is no basis for an agreement to eliminate the overflight
Correct Answer:
Verified
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