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Author Question: Government mandated safety standard within firms A) will always decrease efficiency. B) can ... (Read 40 times)

daltonest1984

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on: Jul 1, 2018
Government mandated safety standard 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

The gambler's fallacy suggests that what happened in the past will influence the present. This is most likely true in which of the following situations?
 
  A) flipping cards from a single deck
  B) tossing a fair coin
  C) the quality of play of a baseball team
  D) horse racing


bitingbit

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

B

Answer to Question 2

B


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