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Question: Say that the government is considering a ban on smoking in restaurants in Tobaccoville. There are 1 million people living there, and each would benefit by $200 from this smoking ban. However, there are two large tobacco companies in Tobaccoville and the ban would cost them $5 million each. What are the total costs and benefits of this proposed policy? Do you think it will be passed?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93109130

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