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Sam owns a dog whose barking annoys Sam's neighbour Jamie. Suppose that the benefit of owning the dog is worth $600 to Sam and that Jamie bears a cost of $800 from the barking. Assuming Sam has the legal right to keep the dog, what is a possible private solution to this problem?
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Sam owns a dog whose barking annoys Sam's neighbour Jamie. Suppose that the benefit of owning the do...
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