What is likely to be the impact of the US government's war on drugs

timer Asked: Oct 19th, 2015

Question description

Illegal Drugs

Assume that the market for illegal drugs is an example of a perfectly competitive market structure. Describe what the perfectly competitive market model predicts for illegal drugs in the long run.

What is likely to be the impact of the U.S. government s war on drugs in the short run? In the long run?

Use economics to discuss this issue and explain these ideas.

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