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Employers Should Inquire About the Workers' Compensation History of Job

question 23

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Employers should inquire about the workers' compensation history of job applicants in order to avoid hiring accident-prone individuals.

Understand the concept and application of Pigouvian taxes and subsidies as a means to correct market failures due to externalities.
Recognize the tragedy of the commons and overuse of common resources.
Analyze the impact of strategic behavior on market outcomes, including advertising and inter-firm competition.
Understand the concept of Nash equilibrium in games involving externality effects.

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