Complaint from the perspectives of pigou and coase

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Reference no: EM133314439

Question: A national car racing promoter in the city of Rockley is staging car racing because car racing is becoming popular and profit from the operation are expected to be high. Furthermore, car racing will be great for tourism and jobs in the industry. However, residents of Rockley and the surrounding area have commenced a legal challenge because the noise from the cars is intolerable and they want the racing to end. Assess the validity and resolution to the complaint from the perspectives of Pigou and Coase.

Reference no: EM133314439

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