Emma hopes to get $5 million for her land by refusing to come to terms with the company that wants to buy the land to build apartments. The apartment builders have offered Emma $1.5 million for her land, which is what they paid other land owners in her area for similar-size parcels. Economists would refer to Emma as a ________.
Correct Answer:
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Q19: Economists refer to a holdout as someone
Q20: In general, it is easier to negotiate
Q21: In general, the more parties there are
Q22: Holdouts who set a price for land
Q23: When the transactions costs involved in putting
Q25: Why would acquiring 20,000 acres of land
Q26: Explain why the transactions costs involved with
Q27: The authority of the government to take
Q28: Government gets its takings power from
A) the
Q29: Compared to private bargaining, using eminent domain
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