Consider two ways to protect your car from theft. A steering wheel lock makes it difficult for

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Consider two ways to protect your car from theft. A steering wheel lock makes it difficult for a car thief to take your car. A GPS tracking system makes it easier for the police to catch the car thief who has stolen it. Which of these types of protection conveys a negative externality on other car owners? Which conveys a positive externality? Do you think there are any policy implications of your analysis?

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Principles Of Microeconomics [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw

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