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State the economics of prohibition and microeconomic theories of behaviour

State the economics of prohibition and microeconomic theories of behaviour

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Answer #1

When government prohibition production , importation , transportation of some goods like drugs , alcohol in the state or country the initially  economic effects of Prohibition  largely negative government revenue immediately lost.

The study of behavioral economics includes the how market decisions are made and that also emphasise the certain assumptions and expectations of economic behaviour and that mechanisms drive public choice.

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