Multiple Choice
Workers do not know the safety records at individual firms; they only know industry averages.As a result,
A) each firm tries to outdo each other in making safety improvements.
B) each firm has the incentive to be the safest in its industry.
C) the equilibrium level of safety is less than optimal.
D) the optimal level of safety is achieved.
Correct Answer:
Verified
Correct Answer:
Verified
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