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Author Question: Government mandated safety standards within firms A) will always decrease efficiency. B) can ... (Read 34 times)

Caiter2013

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on: Jul 1, 2018
Government mandated safety standards within firms
 
  A) will always decrease efficiency.
  B) can increase efficiency by avoiding a prisoner's dilemma outcome.
  C) are unnecessary because of asymmetric information.
  D) will create unfair competition among firms.

Question 2

Firms under-invest in safety because
 
  A) firms are not concerned with safety.
  B) firms do not want their plants to be safe.
  C) firms are risk averse.
  D) firms do not enjoy all of the benefits from investments in safety.
Microeconomics ¦ Perloff ¦ 8th Edition
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brittrenee

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


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