The cost of parking is 9 per day suppose that if you were

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The cost of parking is $9 per day. Suppose that if you were to park illegally, the probability of getting a ticket is 0.6. All ethical issues aside, at least how much should a parking ticket cost for it to be economically unviable to park illegally (i.e., it would be a bad choice to park illegally over the long run)?

Reference no: EM13605548

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