Question: In 2012 the Commonwealth government of Australia introduced plain packaging to cigarettes. Designed to reduce the level of smoking in the community the move generated a large amount of discussion. Using basic economic principles explain why or why not such a policy might be effective. What might be the economic rationale for such a policy? Are there alternative polices that could be put in place to reduce the level of smoking in the community? For all parts, clearly state all your assumptions and use well labelled diagrams to illustrate your discussion. Discussions not using economic model/theory will earn low marks. Result: 80%