Explain how the firm can bargain

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Question

WindCo want to create a wind farm next to Cartown. The locals of Cartown are fearful that the windfarm will create additional noise and would like the wind farm to be built elsewhere. Explain how the firm can bargain with the locals to achieve an efficient outcome. What conditions (if any) are required for your suggested approach to be effective?

Reference no: EM133462074

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