Dogfighting is against the law in New Jersey, resulting in high-priced events held illegally in the state. What idea from Chapter 1 of the text does this story best illustrate?
A) There ain't no such thing as a free lunch.
B) The invisible hand is always invisible.
C) Social and political forces sometimes rein in market forces.
D) Maintaining objectivity is easiest in positive economics.
Correct Answer:
Verified
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