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Consider the Following Scenario When Answering the Following Questions

question 78

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Consider the following scenario when answering the following questions:
Jones owns a factory that is dumping toxic waste into a river where Smith owns a resort.At present,Jones is not filtering the water that he dumps into the river.There is a filter he could install that would remove a significant amount of the toxic elements from the water before it is dumped in the river.Jones and Smith have each assessed the situation and come up with the following data:
Consider the following scenario when answering the following questions: Jones owns a factory that is dumping toxic waste into a river where Smith owns a resort.At present,Jones is not filtering the water that he dumps into the river.There is a filter he could install that would remove a significant amount of the toxic elements from the water before it is dumped in the river.Jones and Smith have each assessed the situation and come up with the following data:    -If property rights over the river are assigned to Jones,then A)  Jones will force Smith to close his resort. B)  Smith will pay Jones up to $75 per day to install the filter. C)  Smith will pay Jones up to $125 to install the filter. D)  Jones will install a filter and pay Smith at least $75 per day. E)  Jones will not install a filter.
-If property rights over the river are assigned to Jones,then


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