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Assume the social marginal benefit of remote-control drone flights is given by SMB = 200 - 2Q and the marginal cost is given by MC = 3Q + 50. The government wants to correct the negative externality associated with remote-control drone flights by taxing operators $20 per flight. What deadweight loss is associated with unrestricted remote-control drone flights if the proposed tax accurately reflects their marginal external costs?
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Situational Interview
A structured interview in which the interviewer describes a situation likely to arise on the job, then asks the candidate what he or she would do in that situation.
Nondirective Interview
An interview style where the interviewer poses open-ended questions and allows the interviewee to guide the conversation.
Open-ended Questions
Questions that cannot be answered with a simple 'yes' or 'no' response, encouraging detailed and thoughtful answers.
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