Explainer: Why Have Cocaine Prices Gone Down?
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Explainer: Why Have Cocaine Prices Gone Down?
In a recent column George Will noted that the price of cocaine has dropped between 80 and 90 percent over the last three decades. How did coke get so cheap? Economies of scale, mainly. Cocaine prices are much lower than they were in the early 1980s because of major changes to how cocaine is made and distributed. A dip in demand since the Reagan ...
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