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Author Question: In the above figure, in order to achieve efficiency, a tax of ________ per unit is needed. A) 3 ... (Read 64 times)

EY67

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on: Jun 29, 2018
In the above figure, in order to achieve efficiency, a tax of ________ per unit is needed.
 
  A) 3
  B) 6
  C) 0
  D) 2

Question 2

If Sally drives less carefully after buying auto insurance, she illustrates
 
  A) adverse selection.
  B) negative selection.
  C) moral hazard.
  D) lemon hazard.


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akudia

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


EY67

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Reply 2 on: Jun 29, 2018
Wow, this really help

gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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