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5. In 2022, the U.S. Food and Durg Administration proposed a ban on menthol-flavored cigarettes. In December 2023, the Biden Administration delayed a decision about
5. In 2022, the U.S. Food and Durg Administration proposed a ban on menthol-flavored cigarettes. In December 2023, the Biden Administration delayed a decision about whether to go forward with the ban. The attached article, "White House Delays a Decision on Banning Menthol Cigarettes" provides background on the issue. What are the equity and efficiency implications of a ban on menthol-flavored cigarettes? Explain in words and graphically. Consider this question using the externalities framework. Graph the market for menthol-flavored cigarettes. You may make assumptions in order to simplify the analysis, but make sure to explain any assumptions you choose to make as part of your
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