Suppose an entire economy consists of two markets: tobacco and other goods. In this economy, secondhand smoke is known to be harmful and reduce the ability of all consumers to earn income. Still, for the few individuals who consume it, tobacco yields very high utility levels. What's the name of the phenomenom by which consumer income in the other goods market decreases as a function of , the exchanged quantity in the tobacco market? Secondary effects Marginal income taxes Externalities Indirect subsidy Adverse effects unanswered The global tobacco industry has become increasingly concentrated in recent decades; currently the top 3 firms control 91% of the market. What will happen to this economy if the cigarette industry becomes a monopoly ? will increase will decrease The effect on is ambiguous Social welfare will increase Social welfare will decrease The effect on social welfare is ambiguous