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Part B: Despite the potential benefits of taxing externalities, policy decisions are often influenced by various factors. Discuss the reasons why policymakers who advocate for
Part B: Despite the potential benefits of taxing externalities, policy decisions are often influenced by various factors. Discuss the reasons why policymakers who advocate for taxing cannabis might overstate the negative externalities of cannabis production. Consider factors such as political motivations, public sentiment, fiscal considerations, and the challenge of accurately measuring externalities.
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