In the Absence of Government Interference, There Is a Constant

question 16

Multiple Choice

in the absence of government interference, there is a constant marginal cost of $5 per ounce for growing marijuana and delivering it to buyers.If the probability that any shipment of marijuana seized is .20 and the fine if a shipper caught is $45 per ounce, then the equilibrium price of marijuana per ounce is

• A)$50.
• B)$17.50.
• C)$4.
• D)$14.
• E)$6.

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Definitions:

Collective Unconscious

A concept developed by Carl Jung referring to the part of the unconscious mind which is derived from ancestral memory and experience, shared among all humans.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his concepts of the collective unconscious and archetypes.

Real Self

An individual's authentic and true personality or identity, as opposed to roles or masks worn in different social contexts.

Rogers

Refers to Carl Rogers, an influential American psychologist who founded the humanistic approach to psychology.