4. What would be the effect of a 75 percent tax on lawsuit punitive awards that was...

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4. What would be the effect of a 75 percent tax on lawsuit punitive awards that was proposed by California Governor Arnold Schwarzenegger in 2004 on:

a. The number of punitive awards. Demonstrate your answer using supply and demand curves.

b. The number of pretrial settlements.

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Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

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