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Business, 05.02.2020 13:46 hokamidat

Suppose two neighborhoods (a and b) have identical housing, but neighborhood a has a strictly enforced deed restriction that prohibits homeowners from parking junk car in the front yard. if houses in neighborhood a sell for $105,000 and house in neighborhood b sell for $100,000, how would an economist value the external cost of visible junk cars, per house?

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