1.1. What role do incentives play in each of the following situations? Are there any unintended consequences?...
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1.1. What role do incentives play in each of the following situations? Are there any unintended consequences?
a. You learn you can resell a ticket to next week’s homecoming game for twice what you paid.
b. A state government announces a “sales tax holiday” for back-to-school shopping during one week each August.
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