Economics · Environmental Valuation Methods
Which valuation method is commonly used to assess the recreational value of a site such as a national park or hill station?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Contingent valuation method
- 2Replacement cost method
- 3Hedonic pricing method
- 4Travel cost method✓
Correct answer
Travel cost method
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