In the 1970s, concern over the health effects of tobacco led to many countries banning tobacco advertising

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In the 1970s, concern over the health effects of tobacco led to many countries banning tobacco advertising on television.

a. Why might tobacco companies have not fought too hard against the ban?

b. In the wake of the ban, the profits of tobacco companies rose. Why might this scenario have occurred?

c. Could the ban still be good public policy even though tobacco company profits grew? Explain your answer.

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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