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The Optimal Amount of Social Regulation Occurs Where the Marginal

question 104

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The optimal amount of social regulation occurs where the marginal benefit of such regulation


Definitions:

Contract

A contract that is legally enforceable and entered into by two or more parties.

Unenforceable

Describes a contract or provision that is null and incapable of being upheld or enforced by law.

Principal

The original sum of money borrowed in a loan, or the amount of the investment.

Negotiated

The process of discussing to reach an agreement in business, employment conditions, or contracts.

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