Use the concept of "holdouts" to distinguish between the government purchasing property versus taking property. Of the two approaches, in the interest of efficiency which should the government rely on more? Why? Plz do fast asap

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
Section: Chapter Questions
Problem 18CTQ: Is it inevitable that government must become involved in supporting investments in new technology?
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Use the concept of "holdouts" to distinguish between the government purchasing property versus taking property. Of the two approaches, in the interest of efficiency which should the government rely on more? Why? Plz do fast asap
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