Which of the Following Is NOT Something Argued by Advocates

question 44

Multiple Choice

Which of the following is NOT something argued by advocates in favor of legalizing marijuana?

• A) Would allow for drug regulation and also safe clinical use.
• B) Addresses the problem of disproportionality since African Americans are more likely to be arrested for marijuana possession.
• C) Would demystify the drug and actually drive marijuana use down.
• D) Would generate tax revenue and provide jobs.

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Definitions:

Perfectly Competitive Market

A hypothetical market where all participants are price takers, and goods are perfect substitutes, leading to an efficient distribution of resources.

Average Variable Cost

The average amount of variable cost per unit, calculated by dividing total variable costs by the quantity of output.

Profit-Maximizing

The approach taken by an enterprise to ascertain the optimal price and output quantity for the highest profit.

MR = MC

A principle in economics stating that profit maximization occurs when marginal revenue equals marginal cost.