Question: does costbenefit analysis apply to public goods only if yes...
Does cost-benefit analysis apply to public goods only? If yes, why? If not, name situations in which economists would use cost-benefit analysis.
Many cities have noise ordinances that impose especially harsh fines and penalties for early morning and late evening disturbances. Explain why these ordinances exist.
Why do economists oppose attempts to control prices? Why does the government attempt to control prices anyway in a number of markets?
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