Among the very real problems of tobacco, alcohol and illegal goods and services are

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Quizplus · Accepted Answer

Tobacco, alcohol and illegal goods and services have external costs, which are costs that are not borne by the producer or consumer but are instead imposed on other individuals or society as a whole. Examples of external costs include health care costs associated with smoking and alcohol abuse, as well as crime and violence associated with illegal goods and services. These costs are not accounted for by the market price of the goods or services and can have negative impacts on the well-being of society.

Among the Very Real Problems of Tobacco, Alcohol and Illegal