Assignment
Do you see anything wrong with this way of thinking?
consumers will bear this burden, not me.” Do you see anything wrong with this way of thinking?
Explain.
- After spending $400,000 to build your dream home, you recently discovered that after less
than one year the foundation is cracking. Further investigation reveals that the contractor used
substandard concrete. Is there a role for the public sector in this situation? - Sparkle-Bright toothpaste is a new product that advertises it will give you fresh breath and
shiny, white teeth. You buy a tube for $1.99, and after brushing, you have both bad breath and
dull teeth. Is there a role for the public sector in this situation? - Anne has just purchased a new house in a lovely neighborhood. Her neighbors are friendly
and even brought her house-warming gifts. Anne, however, has a problem. Her neighbors have
cats, and Anne hates cats. Even though the city has a law requiring all outdoor pets to be on a
leash, her neighbors ignore it, and the cats roam all over Anne’s property. How would an
economist describe this situation? Is there anything Anne can do?
Answer preview do you see anything wrong with this way of thinking?
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