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In: Economics

3. Individuals and policy makers for large groups can make decision errors when they do not...

3. Individuals and policy makers for large groups can make decision errors when they do not consider benefits and costs at the MARGIN. Consider either actions taken to reduce the spread of the Covid virus or actions that might be taken to reduce racism. Illustrate what it means to consider benefits and costs as the margin. Do your best to distinguish problematic thinking from more proper thinking.

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