Question
Scotland introduced a price floor for alcohol in 2018. Assume that heavy drinkers: - are likely to create the largest externalities from drinking, - buy
Scotland introduced a price floor for alcohol in 2018. Assume that heavy drinkers:
- are likely to create the largest externalities from drinking,
- buy a much greater fraction of their alcohol from cheap products
- there are no close substitutes for alcohol
Would a price floor be effective in reducing the externality?
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Managerial Economics Applications, Strategies and Tactics
Authors: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
13th edition
1285420926, 978-1285962399, 978-1285947853, 1285947851, 978-1285420929
