Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.The view was a large factor in his decision to buy the house and Paul values his view at $5,000 per month.Sid purchases the undeveloped wooded area with plans to build a retail shopping centre.Sid expects to earn $10,000 a month from the shopping centre,which is $3,000 more than his next best alternative.
-Refer to the information above.The view of the undeveloped area Paul has been enjoying is a(n)
A) common property right.
B) private property right.
C) positional externality.
D) external cost.
E) positional arms race.

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The Answer of Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.The view was a large factor in his decision to buy the house and Paul values his view at $5,000 per month.Sid purchases the undeveloped wooded area with plans to build a retail shopping centre.Sid expects to earn $10,000 a month from the shopping centre,which is $3,000 more than his next best alternative.
-Refer to the information above.The view of the undeveloped area Paul has been enjoying is a(n)
A) common property right.
B) private property right.
C) positional externality.
D) external cost.
E) positional arms race.

Paul Owns a Home on the Top of a Hill