Posted: March 7th, 2017
People who live on small lakes sometimes have break walls constructed on their property by the shore. A break wall is typically a vertical column of wood or concrete that prevents high water levels from covering part of the owner s property, reducing the size of the beach, and/or eroding the yard. However, several communities have restricted property owners from building break wall. Can you think of the reason why? Hint: Think about potential externalities of building a break wall.
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