In the Absence of Government Interference, There Is a Constant

question 10

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 is seized is .30 and the fine if a shipper is caught is $35 per ounce, then the equilibrium price of marijuana per ounce is

• A)$22.14.
• B)$40.
• C)$3.50.
• D)$15.50.
• E)$6.50.

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Definitions:

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Emotional Display Rules

Emotional Display Rules are societal guidelines about the appropriate ways to express emotions in various social contexts, which can vary by culture, situation, or relationship.

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