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Poisoned Tylenol Capsules

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When several people died because of poisoned capsules of Tylenol pain reliever, strict government regulations were enacted to control the packaging of retail pharmaceuticals. Would private markets have reached the same result?

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https://brainmass.com/economics/economics-of-regulation/poisoned-tylenol-capsules-386291

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Private markets would probably not have reached the same result. Strict government regulations such as these cost a lot of money to implement and it takes everyone's profit and slashes it a bit as more ...

Solution Summary

When several people died because of poisoned capsules of Tylenol pain reliever, strict government regulations were enacted to control the packaging of retail pharmaceuticals. Would private markets have reached the same result?

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