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July 7, 2021

Is it possible that the violent members of the drug cartels can behave like cartels in legitimate markets?

General Questions

Is it possible that the violent members of the drug cartels can behave like cartels in legitimate markets? Answer this in 2 complete paragraphs.

PART 2

Explain the possible impacts of legalization on the market for currently illicit drugs. In your response, address the potential increase or decrease in prices, how demand will be affected and other possible social costs / benefits.

Which drugs do you think will be affected the most and which do you think will not be affected. Based on your analysis justify which drugs should be legalized and which should not.

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