The Federal Aviation Administration requires large commercial jets to install greater amounts of safety equipment than small,private planes.This policy
A) violates the notion of efficiency because the marginal costs of safety on small planes are smaller.
B) violates the notion of efficiency because the benefit of one less fatality is the same whether a jet or a small plane is involved.
C) affirms the notion of efficiency because one fewer commercial jet accident will save more lives than one fewer private plane accident.
D) affirms the notion of efficiency because airlines can spread the costs out over many tickets.
Correct Answer:
Verified
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