=+Assume that in both states the pre-tax price of a pack of cigarettes is $1.00. Assume that

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=+Assume that in both states the pre-tax price of a pack of cigarettes is $1.00. Assume that the total cost to a resident of North Texarkana to smuggle a pack of cigarettes from South Texarkana is $1.85 per pack. (This includes the cost of time,

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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