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Unformatted text preview: considered. What do we do? What course of action do we take to alleviate this negative externality? That is up to you to express to political representatives. True, we are sacrificing some personal freedom if we pass a law mandating seat belt or helmet use (cost). What is the benefit from doing so? What will be the net benefit? What if we dont pass any laws (cost) that constrain personal freedoms (benefit)? What is the net benefit of this decision? 18...
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- Fall '10