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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

The Junkbuyers Company travels from home to home, looking for opportunities to buy items that would otherwise end up with the garbage, but which the company can resell or recycle. Which will be larger, the private or the social benefits?

To determine

The purchase of garbage by the junk buyers company will be considered as social or private benefits.

Explanation

The junk buyers’ companies meet people for the items which otherwise ends up as garbage and those items can be recycled or resold. This gives benefits to both the purchaser and the seller. This will also help in making the city clean and making the people realize that...

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