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Question: "If you were running the government, would you ask whether it would be cost-effective to make children pajamas Flame-resistant, or would you just order the manufacturers to do it? Would you be moved by the pleas of crib manufacturers who told you it would cost them a bundle to move those slats closer together?" [Herbert, 1995]. How would you respond to these questions?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92299188

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