Efficiency implication of this policy

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Reference no: EM137525

Q1. You have used particular bras well as well as type of sunscreen for several years, but after discovering that some of the ingredients in the sunscreen are cancer causing, you make your mind up to no longer use the sunscreen. Which feature of the economic perspective has changed for you?

Q2. Iran subsidizes gasoline, leading to a cost to consumers that is one-fifth the market cost. Clarify the efficiency implication of this policy.

Reference no: EM137525

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Efficiency implication of this policy : Iran subsidizes gasoline, leading to a cost to consumers that is one-fifth the market cost.

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