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A consulting firm conducted a random survey of community residents, describing a planned riverside park and then asking each respondent the question: "What is the most that you would be willing to pay to have this park built along the river?" Do you think that the monetary benets estimated from the responses are likely to be an overestimate or an underestimate? What is the source of the bias?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91995443

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