You've just acquired a sweet new ride and are trying to determine how to protect your wheels from theft. You're considering purchasing the Club, a large steel bar that locks to your steering wheel and...

Extracted text: You've just acquired a sweet new ride and are trying to determine how to protect your wheels from theft. You're considering purchasing the Club, a large steel bar that locks to your steering wheel and prevents car thieves from easily driving away. Alternatively, you're considering installing Lolack, a hidden electronic device that allows law enforcement agencies to locate your car should you notify them of its theft. a. Why is the Club more likely than LoJack to directly deter thefts? The external benefits of the Club exceed those of Lolack. O Lolack is a visible deterrent, whereas the Club is invisible to car thieves. O The Club is a visible deterrent, whereas Lolack is invisible to car thieves. O Thieves are more responsive to traditional theft deterrents, such as locks, than modern ones that involve digital technology. b. LoJack customers must agree not to display any window stickers or other signs that indicate their cars are LoJack- equipped. This agreement enhances LoJack's value as a general deterrent, since c. While car drivers are probably buying the socially optimal quantity of the Club, too few drivers are probably installing Lolack, since the government subsidizes purchases of the Club but not Lolack.