Multiple Choice
Profit-maximizing firms should:
A) only improve workplace safety if the marginal cost of doing so is zero.
B) improve workplace safety if the marginal cost of improved safety is less than the value workers place on improved safety.
C) only improve workplace safety if they are ordered to do so by a regulatory agency.
D) only improve workplace safety if the labor market is perfectly competitive.
Correct Answer:
Verified
Correct Answer:
Verified
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