Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 1, Problem 3.3P

Subpart (a)

To determine

The efficiency argument.

Subpart (b)

To determine

Non monitory cost arises due to legalizing marijuana use.

Subpart (c)

To determine

The equity argument of legalizing marijuana.

Subpart (d)

To determine

The flow of revenue from legalization of marijuana.

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