Tuesday, October 13, 2009

Unit 1: Cigarette vending machine bans ....and more

The BBC reports plans to ban cigarette vending machines and make cigarettes under the counter items in shops

http://news.bbc.co.uk/1/hi/uk_politics/8303975.stm

a) Explain the economic justification for such actions
b) To what extent do you think such measures will be successful in reducing the market failure associated with smoking?

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