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(a) Explain why property rights are best understood as a \"Bundle of Sticks.\" (b) Provide and...

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Operations Management

(a) Explain why property rights are best understood as a \"Bundleof Sticks.\" (b) Provide and explain three examples. (4 points) Atleast one paragraph.Please use and cite sources.

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a In first year law course of US the entity property is explained as a bundle of sticks Bundle of sticks represent the bundle of different kinds of entitlements regulating the property law The analogy is with bundle of sticks where each stick represents a right or an entitlement Full ownership of a property cant be established    See Answer
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