If policy makers were to attempt to set a tax equal to the external costs of alcohol,

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If policy makers were to attempt to set a tax equal to the external costs of alcohol, one would have to evaluate

a. The cost of production.

b. The price paid by consumers.

c. The value of innocent lives lost to drunk driving.

d. The value of the shortened lives of alcoholics.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 01:07 AM

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If policy makers were to attempt to set a tax equal to the external costs of alcohol,

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c The value of innocent lives lost to drunk driving Explana...View the full answer

Issues in Economics Today

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