Using the concept of externalities, discuss the economic rationale for government intervention in the market for alcohol. Assess the relative merits of using either taxation or minimum unit pricing to address any issues you have identified in your answer to the first part of the question. (1.2k words)
Using the concept of externalities, discuss the economic rationale for government intervention in the market for alcohol. Assess the relative merits of using either taxation or minimum unit pricing to address any issues you have identified in your answer to the first part of the question. (1.2k words)
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 17SQ
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