24.16 Everyday and Policy Application: Reporting a Crime: Most of us would like to live in a...

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24.16 Everyday and Policy Application: Reporting a Crime: Most of us would like to live in a world where crimes are reported and dealt with, but we’d prefer to have others bear the burden of reporting a crime. Suppose a crime is witnessed by N people, and suppose the cost of picking up the phone and reporting a crime is c . 0.

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