We all know the standard arguments against smoking cannabis, both in terms of private costs, private benefits and external costs..............but here's an unusual one from the BBC
http://www.bbc.co.uk/news/world-asia-20107973#
a) What are he private costs and private benefits from consuming cannabis?
b) Explain, using the standard definition, the negative externality outlined in the article
c) How does the market fail?
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment