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Use the following to answer questions:
Figure: ABC Company
-(Figure: ABC Company) Refer to the figure. The figure depicts the market for a water cleaner for home aquariums. After use it gets washed down drains and enters into streams where it improves the mineral content of the water and thus leads to better water quality and better fish growth. What is the dollar amount of the external benefit created per can of the cleaner?
Exclusive Use
A clause in a lease or agreement granting one party the sole right to use a property, asset, or service in a specified way.
Rent Escalation Clause
In a lease, a clause that permits the landlord to increase the rent in association with increases in costs of living, property taxes, or the tenant’s commercial business.
Long-Term Leases
Lease agreements that extend for a long period, often exceeding a year, typically used for real estate and heavy equipment.
Tenantable
Fit to be lived in or leased; a standard that rental property must meet in terms of safety and habitability under the law.
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