A government ban on a good that suffers from overconsumption may be ineffective if:
A) the likelihood of being caught breaking the ban is very low.
B) the likelihood of being caught breaking the ban is sufficiently high.
C) the punishment for breaking the ban is severe.
D) the public did not participate in setting the punishments.
Correct Answer:
Verified
Q86: When the government bans a good:
A) it
Q89: The costs involved with breaking a ban
Q90: Bans and quotas _ in situations where
Q93: If the government is supplying a public
Q96: One way the government decides how to
Q97: If the cost were greater than the
Q98: If the marginal benefit were greater than
Q99: The marginal social benefit is:
A)the sum of
Q101: If the punishment is _,or the likelihood
Q104: When the optimal quantity of consumption is
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