The weekly supply and demand for packs of cigarettes in the U.S is given in Figure 18P-1.
Question:
The weekly supply and demand for packs of cigarettes in the U.S is given in Figure 18P-1.
b. How many packs of cigarettes are consumed per week?
c. What is the efficient number of cigarette packs?
d. What would be the total gain in surplus if this externality could be internalized?
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