Alert entrepreneurs are ready to recognize and adjust to consumers' values, creating a market that is highly receptive to change. This sounds like a good thing for consumers. Could this cause any negative results for consumers?
Cigarette and tobacco taxation has increased over the last several decades to decrease youth smoking and the negative side effects that come along with tobacco use. However, the large majority of people never stopped consuming tobacco products. Would you consider this an effect regulation or an ineffective regulation?
If regulation redirects the values of producers, does it in turn redirect the values of consumers? If not, how would the consumer's values be satisfied?
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