Optimum level of weed control

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A residential neighborhood is covered with uncontrolled weeds and garbage. If John invests in controlling weeds and trash that tend to accumulate in his yard, both he and his neighbors benefit from his action. Is an externality associated with his private decision? If so, explain its effect, and determine whether the optimum level of weed control occurs when the individual invests in weed control.

Reference no: EM132500308

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