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Tobacco advertising is banned in many countries. In Australia, tobacco advertising laws ban messaging that may persuade people to buy, smoke, or use tobacco. The
Tobacco advertising is banned in many countries. In Australia, tobacco advertising laws ban messaging that may persuade people to buy, smoke, or use tobacco. The laws also require that tobacco products must not be visible from anywhere inside or outside a retail outlet. Such bans may protect consumers (e.g., their health) to a large extent. But how do these bans affect tobacco companies? Using what we have covered in this course, write a statement on one reason why these bans might benefit the tobacco companies (i.e., compared with the scenario where no ban is imposed, the tobacco companies are better off in the scenario with the bans imposed). Make sure you elaborate on the reason in detail. The total length of your answer should be within 150 words. No math should be included
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