The Occupational Safety and Health Administration (OSHA) attempts to stop safety violations in business through inspections and fines. Though workers are supposed to earn a premium wage for working in more risky environment, the OSHA inspections may be a good idea because

A. employees may already understand the risks that they are exposed to on the job.
B. there are never any societal costs or externalities to dangerous working conditions.
C. employees might not have good information about the level of danger.
D. inspections and fines may raise the cost of production significantly.


Answer: C

Economics

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sum of all the individual quantities demanded by each buyer in the market at each price

What will be an ideal response?

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