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Business, 10.03.2021 04:50 shadowsnake

3. The beer industry has seen a gradual increase from three major sellers (in 1990) to several hundred. Meanwhile, the number of cigarette manufacturers has stayed relatively constant. Although both goods are considered vices and thus unpopular, the industries have moved in different direc- tions. What economic theory can you suggest to explain this difference? (“Cigarettes have a negative reputation" is not a sufficient answer, as drinking is also considered a vice.)​


3. The beer industry has seen a gradual increase from three major sellers (in 1990) to several hund

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