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To Produce Honey, Beekeepers Place Hives of Bees in the Fields

Question 118

Essay

To produce honey, beekeepers place hives of bees in the fields of farmers. As bees gather nectar, they pollinate the crops in the fields, which increases the yields of these fields at no additional cost to the farmer. What might be a reasonable private solution to this externality, and how might the solution be reached?

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One solution would be to have one person...

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