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Mathematics, 20.02.2020 20:11 kayabwaller4589

Consider an individual with a current income of $40,000 that is considering committing a crime that has a payoff of $20,000 and a fine of $20,000 if the individual is caught. Based on the standard Becker criminal decision rule, which of the probabilities of getting caught listed below is the highest probability that would still give the individual incentive to commit the crime?

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Consider an individual with a current income of $40,000 that is considering committing a crime that...
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