(Solved): According to Yasmin, any student who borrows a book from the university library and fails to return ...

According to Yasmin, any student who borrows a book from the university library and fails to return it on time imposes a negative externality on other students. She claims that rather than charging a modest fine for late returns, the library should charge a huge fine, so that borrowers will never return a book late. Is Yasmin's reasoning correct?