B. Suppose the two best friends from opposing political coalition have common interest to vote for a public policy on banning vaping in all public places and imposing higher sales taxes for all vaping products in an attempt to decrease addiction to nicotine in teenagers and young adults. The two friends agreed not to vote in tomorrow’s election to allow vaping in public places. Would such an agreement improve utility? Would such an agreement be an equilibrium?

For reference, review the following article (copy and paste link):

https://www.nytimes.com/2018/12/18/health/vaping-nicotine-teenagers.html

Answer rating: 100% (QA)

The agreement has no important on utility and its not in equilibrium due to adverse effects of vaping in public Some people have been led to believe that vaping is completely safe However there are si... View the full answer