=+2. According to Yasmin, any student who borrows a book from the university library and fails to

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=+2. According to Yasmin, any student who borrows a book from the university library and fails to return it on time imposes a negative externality on other students. She claims that rather than charging a modest fine for late returns, the library should charge a huge fine so that borrowers will never return a book late. Is Yasmin’s economic reasoning correct

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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