(Answered) Suppose that you rent a house next to a factory the factory

Economics

Suppose that you rent a house next to a factory. The factory legally emits a chemical into the air that smells like feet. You now have to spend $300 more per month on air fresheners because the firm pollutes the air. You could move to another house far enough away from the factory,but the rent for that house is $200 more than what you pay now. What is the efficient solution to the problem?

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Macroeconomics, Economics

Category:- Macroeconomics
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