please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly 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.

The correct option is: "The most accessible parcels command the highest price." This is because the…

Answered: In the competitive bidding for urban…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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.