If Tom and Al could negotiate binding agreements with oneanother at no cost, which job would each…

If Tom and Al could negotiate binding agreements with oneanother at no cost, which job would each choose? Suppose negotiation is impractical,and that the only way Tom and Al can achieve greater workplacesafety is for the government to adopt safety regulations. If enforcement of theregulations costs $25 per week, would Tom and Al favor their adoption?

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