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Please answer the following question from Miller, Benjamin and North 13th Edition (page 39, number 2) During Prohibition, some speakeasy operators paid bribes to ensure that the police did not raid them. Would you expect that the quality of the liquor served in such speakeasies to be higher or lower than in those that did not pay bribes? Would you expect to find differences (for example, with regard to income levels) among the customers patronizing the two types of speakeasies? (Minimum 150 words)

Business Economics, Economics

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