Solving a Tree -Cutting Problem. Consider a hilly neighborhood where large trees provide shade but also block views. When a resident announces plans to cut down several trees to improve her view, her...

Solving a Tree -Cutting Problem. Consider a hilly neighborhood where large trees provide shade but also block views. When a resident announces plans to cut down several trees to improve her view, her neighbors object and announce plans to block the tree-cutting. One week later, the trees are gone, but everyone is happy. Use the principle of voluntary exchange to explain what happened.