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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 12
Suppose the government is thinking of requiring pharmaceutical companies to print the exact chemical formulas of medications on the label, so consumers will know exactly what they are ingesting. Is the new disclosure rule likely to benefit the average consumer? Explain your reasoning.
Explanation
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Average consumer behavior:
An average c...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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