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The 'Nuts & Bolts' factory is located next to the movie set for 'The silent man'.The noise coming from the factory makes the movie production close to impossible.The factory can be sound-proofed for $200,000 or it can be moved for $4 million.The movie set can be moved for $1.5 million.Assume that the movie set has the property right.What would be the optimal solution to this problem?
States
Political entities characterized by a defined territorial area, a permanent population, a government, and the capacity to enter into relations with other states.
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