Brennan owns a dog whose barking annoys Brennan's neighbour Emily.Suppose that the benefit of owning the dog is worth $700 to Brennan and that Emily bears a cost of $500 from the barking.Assuming Brennan has the legal right to keep the dog,what is a possible private solution to this problem
A)Emily pays Brennan $650 to get rid of the dog.
B)Emily pays Brennan $700 to get rid of the dog.
C)Brennan pays Emily $500 for her inconvenience.
D)There is no private solution that would improve this situation.

Question

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The Answer of Brennan owns a dog whose barking annoys Brennan's neighbour Emily.Suppose that the benefit of owning the dog is worth $700 to Brennan and that Emily bears a cost of $500 from the barking.Assuming Brennan has the legal right to keep the dog,what is a possible private solution to this problem
A)Emily pays Brennan $650 to get rid of the dog.
B)Emily pays Brennan $700 to get rid of the dog.
C)Brennan pays Emily $500 for her inconvenience.
D)There is no private solution that would improve this situation.

Brennan Owns a Dog Whose Barking Annoys Brennan's Neighbour Emily