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Suppose you were asked to comment on a proposed policy to control oil spills

Suppose you were asked to comment on a proposed policy to control oil spills. Since the average cost of an oil spill has been computed as SX, the proposed policy would require any firm responsible for a spill immediately to pay the government $X. Is this likely to result in the efficient amount of precaution against oil spills? Why or Why not? Explain. мСE 5221 ин

Feb 01 2020 View more View Less

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