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Levying an excise tax in these situations can serve to recoup some of the cost of these externalities and internalize the cost of the externality to the purchase of the product.[11] The Pigouvian concept of internalizing externalities to correct inefficient market outcomes suggests that the size of the excise tax should be equal to the cost of the negative externality

Memorial Sloan Kettering Cancer Center, 2023 How Smoking Increases Esophageal Cancer Risk

When it comes to addiction, you should have a supportive circle of people who can help keep you accountable and on the right track

Twenty-year trends in pharmaceutical fentanyl and illicit fentanyl deaths, Australia 20012021