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500 450 QPrivate = 2250 400- If cigarettes generate a marginal external cost of MEC = 0.05Q, what is the socially optimal level of cigarettes

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Geoffrey Fong founded the ITC Project at the University of Waterloo to study the impact of tobacco control laws and policies worldwide on smoking behaviour, with the goal of reducing smoking rates and preventing new smokers from starting

In the 1960s, the externally-fed fire box method of flue-curing was converted to a gas-fueled system, for the most part, which takes far less time to complete, usually about 7-8 days to cure, compared to the air-cured method that takes about 4 to 8 weeks

It creates a cooling sensation making smoke feel less harsh and easier to inhale, but that 'smoother' feeling doesn't make cigarettes safer