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Definition of the Week:

Search Cost

Jul. 2, 2008
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The economic cost of buying something is not just the price you pay. Finding what you want and ensuring that it is competitively priced can be expensive. But making a purchasing decision without all the relevant information can result in inefficiency.

(Source: Economist.com.)

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Rolling back Barack Obama’s reforms, Attorney General Jeff Sessions has directed federal prosecutors to seek the harshest sentences for drug offenses. Is it bad policy to fill the prison system with nonviolent offenders?

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