Compared to private bargaining, using eminent domain to acquire land generally
A) keeps negotiation costs low.
B) is more time consuming and less successful.
C) reduces cooperative surplus.
D) is frowned upon by the government.

Question

Quizplus · Accepted Answer

Eminent domain streamlines the process of land acquisition by allowing the government to compel the sale of land for public use, thus keeping negotiation costs lower than in private bargaining, where negotiations can be prolonged and costly.

Compared to Private Bargaining, Using Eminent Domain to Acquire Land