3.7 Markowitz et al. (2012) found that limiting the number of liquor stores reduces crime. To maximize
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3.7 Markowitz et al. (2012) found that limiting the number of liquor stores reduces crime. To maximize welfare taking into account the harms associated with alcohol sales, how should a regulatory agency set the number of liquor licenses?
Should the profit-maximizing owner of a liquor store lobby for or against tighter restrictions on licenses?
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