French smokers began paying 6.5% to 10% more for tobacco, as an unpopular price rise went into effect
It is not clear whether this price hike will finally push French smokers to quit, as France’s 2008 full smoking ban failed to reduce the number of smokers. The number of 18 to 75-years-olds smokers actually increased by 2 points between 2005 and 2012 to near 30% of the population.
French anti-tobacco groups said 40 cents per pack was a modest price hike that would not encourage smokers to stub it out in significant numbers.
- "Smoking kills, on average, 1,200 Americans. Every day." - "More people die every year from smoking than from murder, AIDS, suicide, drugs, car crashes, and alcohol, combined." - "Secondhand smoke kills over 3,000 Americans each year."
Brazilian coffee producers will harvest between 47 million
bags and 50.2 million this year, approaching last year’s record
50.8 million bags, the government said in January.
formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?
High oil prices are crushing families across Britain. Motorists are being taken for a very expensive ride.''
what would the evaluation contain?
- is it good or bad? (for consumers (benefits of colluding) and producers)
- BP oil competition = shows how having contest ability may be dangerous
- what can the governments do to stop collusion from happening?
Gambling - Demerit Good
Advertising ban will lead to a decrease in demand for Gambling
Negative externalities will decrease.
However, Gambling = inelastic good? Addiction?