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[Solution] Incentives to Make a Good Decision

1. Read the article, and answer this question: Think through the three questions in the textbook about a bad decision: 1) Who made the bad decision? 2) Did they have enough information to make a good decision? 3) Did they have the correct incentives to make a good decision? Apply those 3 questions to this scenario and enter your thoughts below. half a page should be enough2. https://youtu.be/I293Ci7FddISometimes it is difficult to understand this, so try to put it in words: why did the threat to punish those that raise prices cause unintended consequences and potentially harm the very people it was trying to help?

1. Read the article, and answer this question: Think through the three questions in the textbook about a bad decision: 1) Who made the bad decision? 2) Did they have enough information to make a good decision? 3) Did they have the correct incentives to make a good decision? Apply those 3 questions to this scenario and enter your thoughts below. half a page should be enough2. https://youtu.be/I293Ci7FddISometimes it is difficult to understand this, so try to put it in words: why did the threat to punish those that raise prices cause unintended consequences and potentially harm the very people it was trying to help?

 

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