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Regulations can be thought of as the rules of the game in the economy. In class we discussed how when people respond to incentives it
Regulations can be thought of as the "rules of the game" in the economy. In class we discussed how when "people respond to incentives" it is not always in the ways regulators expect. In a paragraph, and from your experience, provide an example of a time a policy (preferably from the government but possibly from a manager or employer) resulted in unintended consequences. Did the policy increase or decrease the marginal benefit or cost of an activity? What changes were expected to result? What changes did result?
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