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    Northwest Florida State College
    Jun-1992 - May-1997

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    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 03 May 2017 My Price 9.00

Analyze the following statement.

Analyze the following statement. Is garbage a positive or negative externality? Why is a market solution practical here? Since the turn of the twentieth century, hog farmers in New Jersey fed Philadelphia garbage to their pigs. Philadelphia saved $3 million a year and reduced its garbage mound by allowing New Jersey farmers to pick up leftover food scraps for their porcine recyclers. The city paid $1.9 million to the New Jersey pig farmers for picking up the waste each year, which was about $79 a ton. Otherwise, the city would have had to pay $125 a ton for curbside recycling of the same food waste.

 

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Status NEW Posted 03 May 2017 12:05 PM My Price 9.00

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