The prisoners in a jail have been using cigarettes to trade among themselves. All of a sudden
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Question:
The prisoners in a jail have been using cigarettes to trade among themselves. All of a sudden the warden stops them from doing so. The reasoning being: ``cigarettes are for smokers to smoke, not for you to trade. Obviously, the warden is a smoker. What do you think will happen? Specifically, cigarettes allow prices to allocate resources (e.g., renting 1 bedsheet/week costs 2 cigarettes, an egg costs 1 cigarette) in the jail. With the ban on using cigarettes as money, how would resources be allocated?
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