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18.10: Problems

Last updated

Jul 10, 2023
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- 18.9: Critical Thinking Questions
- 19: International Trade

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27.

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 proposed policy's total costs and benefits? Do you think it will pass?

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