1. Some teenagers engage in behaviors that result in increased costs for their parents: leaving lights on...
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1. Some teenagers engage in behaviors that result in increased costs for their parents: leaving lights on when they leave the house, turning on air condi tioning without closing the windows, driving over the speed limit in the family car, etc. The teenagers do not have an incentive to change these behaviors if the parents are the ones to bear the cost. The prob lem the parents face is called .
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Related Book For
Fundamentals Of Economics
ISBN: 9781133956105,9781285531847
6th Edition
Authors: William Boyes, Michael Melvin
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