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Draw the isoprofit and indifference curves for one firm and one individual showing the equilibrium level of risk and income chosen. Suppose the government imposes
Draw the isoprofit and indifference curves for one firm and one individual showing the equilibrium level of risk and income chosen. Suppose the government imposes safety regulations that limit the amount of risk in the workplace. Briefly display graphically and describe the possible implications for firms depending on their risk technologies.
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