Rather than banning specific compounds, the government now intends to use regulation to ban all legal highs
BBC video http://www.bbc.co.uk/news/uk-32938598
Ch4 video http://beta.tutor2u.net/economics/blog/de-merit-goods-banning-legal-highs
What would be the costs and benefits of such a move and to what extent would it reduce the market failure associated with legal highs?
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