Using the concept of externalities, discuss the economic rationale for government intervention in the market for alcohol. Assess the relative merits of using either taxation or minimum unit pricing to address any issues you have identified in your answer to the first part of the question. (1.2k words)

Using the concept of externalities, discuss the economic rationale for government intervention in the market for alcohol. Assess the relative merits of using either taxation or minimum unit pricing to address any issues you have identified in your answer to the first part of the question. (1.2k words)

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter14: Environmental Economics

Section14.2: Achieving Environmental Efficiency

Problem 1.2GE

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