In each case, identify any divergence between social and private costs or social and private benefits. a.
Question:
In each case, identify any divergence between social and private costs or social and private benefits.
a. Cigarette smoking
b. Weather forecasting
c. Private ownership of guns
d. Drilling for offshore oil
e. Public health research
f. Vaccinations for COVID-19
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Each of these examples can be treated at length as a policy question or in more limited fashion We think it is worth pushing discussion in every case to the point where students come to realize the re...View the full answer
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