Question: In each case, identify any divergence between social and private costs. a. Cigarette smoking b. Getting a university education c. Private ownership of guns d.
a. Cigarette smoking
b. Getting a university education
c. Private ownership of guns
d. Drilling for offshore oil
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They should also realize that some of their views of the proper action may depend on who actually bears the costs and who they think should bear the c... View full answer
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