Explain the possible impacts of legalization on the market for currently illicit drugs. In your discussion, address the potential increase or decrease in prices, how demand will be affected and other possible social costs / benefits. Which drugs do you think will be affected the most and which do you think will not be affected? Based upon your analysis, justify which drugs should be legalized and which should not.

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Legalization of drugs can have the following effects 1 It can raise the tax revenue for the governme... View the full answer