In the competitive bidding for urban land, schools, parks, and civic buildings must also participate in the bidding process. O the most accessible parcels command the highest price. land rents are uniform throughout the urban area. O all potential bidders have equal rent paying ability.

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Chapter1: Making Economics Decisions
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In the competitive bidding for urban land,
schools, parks, and civic buildings must also participate in the bidding process.
O the most accessible parcels command the highest price.
land rents are uniform throughout the urban area.
O all potential bidders have equal rent paying ability.
Transcribed Image Text:In the competitive bidding for urban land, schools, parks, and civic buildings must also participate in the bidding process. O the most accessible parcels command the highest price. land rents are uniform throughout the urban area. O all potential bidders have equal rent paying ability.
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