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The state of Connecticut wants to crack down on speed driving. Currently, one speeding drive out of 10 is stopped and fined $200. As a
The state of Connecticut wants to crack down on speed driving. Currently, one speeding drive out of 10 is stopped and fined $200. As a deterrent, would it be more. Effective to raise the speeding ticket to $300 or raising to 15% the probability that a speeding driver is stopped? Which policy would be more cost efficient?
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