A Use Reduction Approach (MacCoun, 1998) Is Primarily Aimed at Reducing

question 23

Multiple Choice

A use reduction approach (MacCoun, 1998) is primarily aimed at reducing levels of use but:

• A)Some unintended effects can result
• B)Gains in one direction may be offset by losses in others
• C)Making a drug illegal to reduce its use may lead to crime to obtain the drug
• D)All of the above

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Definitions:

Monopolist

A Monopolist is a market participant who has exclusive control over the market for a particular good or service, facing no competition.

Perfectly Price Discriminate

A theoretical pricing strategy where a seller charges the maximum possible price that each consumer is willing to pay.

Economic Loss

The financial loss incurred when the cost of producing a good or service exceeds the revenue gained from selling it.

Widgets

A generic term used to describe a hypothetical product or manufactured good.