Due to the bad effects of smoking cigarettes it is also harmful to the society, they are frequently considered to be inferior products available on the market. Because they produce detrimental externalities, cigarettes are often hazardous.
This is based on the idea that smoking has an adverse effect on others without providing any sort of compensation. Consuming cigarettes typically benefits the consumer more than society. As a result, the marginal benefit to the customer is typically higher than the case for society. The tobacco industry benefits from the effects of allocative inefficiency. The harmful externalities caused by smoking impair society as a whole while also causing health issues for individual smokers.
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