You put up a web page attacking organized religion. You rob a bank. Assume that national defense is a public good in the strong sense - an unsubsidized market produces NO defense even though the social benefits of it are high. Carefully graph this market, showing the market quantity Q m and the efficient quantity Q e . Shade the region of deadweight losses, and intuitively explain why these deadweight losses are so large.
Immigrants impose externalities on American workers by reducing wages.
I give blood because I want blood to be there for me if I need it. Using a median-voter diagram, explain why smoking regulations are stricter in California than North Carolina. Suppose both Democrats and Republicans are worried about losing extremist votes by moderating too much. Using a median-voter diagram, show their equilibrium platform choices. Using a median-voter diagram, show their equilibrium platform choices.