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A lot of times, they will be placed as a form of speed control.An interesting thought: what's the lowest speed limit sign you've ever seen?
I've seen 5 MPH in parking lots, but never on an actual road. For official road signs, I virtually never see anything below 15 MPH. I'd be pretty surprised if this was actually the ideal driving outcome. There has to be some intersection at which 5 MPH and a yield sign is the ideal arrangement.
But given how traffic laws are enforced, and how people tend to ignore low speed limits, it's not a very practical arrangement. Instead, stop signs go in everywhere that very low speed limits are required.
(I'm still vaguely wondering whether a lot of people in this thread have ever driven somewhere very rural. Gently rolling a stop sign at an intersection with a mile of visibility and no one else around is not some wild risk.)