Prices of tickets for seats on commercial passenger planes are typically in the hundreds of dollars, whereas

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Prices of tickets for seats on commercial passenger planes are typically in the hundreds of dollars, whereas trips can be made by automobile at much lower cost. Accident rates per person per trip in the airline industry are considerably lower than auto accident rates per person per trip. Based on these facts, discuss how regulatory costs and benefits may help to explain why government regulations require children to be placed in safety seats in automobiles but not on commercial passenger planes.
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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