Explain how mandatory seat belt laws may reduce the negative

Reference no: EM133439713

Question: Market failures come in four varieties -- public goods, market control, externalities, and imperfect information.

Please explain how mandatory seat belt laws may reduce the negative externalities of risk behavior.

Please use the information you obtain from Chapter 5 and any additional readings you will find and also consider the effects of negative externalities on economic efficiency.

Reference no: EM133439713

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