Microeconomics
Microeconomics
Of two similar houses on a street, one faces the ocean and the other does not. How might we determine the price of an ocean view? Explain your answer.
Identify the price of two houses.
In this case, there are two houses with the same features. The only difference is one house faces the ocean and another one does not. Therefore, the price of the houses will depend on the value of ocean view...
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