To optimally deter crime, law enforcement authorities should:
A. set higher fines for crimes that have a lower probability of being caught.
B. set the fine equal to the expected benefit, even if it is difficult to catch the offenders.
C. ignore the probabilities of catching offenders and attempt to prevent crime at all costs.
D. set very high fines regardless of the probability that an offender is caught.
Answer:A
To optimally deter crime, law enforcement authorities should:
A. set higher fines for crimes that have a lower probability of being caught. B. set the fine equal to the expected benefit, even if it is difficult to catch the offenders. C. ignore the probabilities of catching offenders and attempt to prevent crime at all costs. D. set very high fines regardless of the probability that an offender is caught.