In: Economics
Consider the market for LEGAL recreational marijuana in the United States. Using the Federal Trade Commission's and Department of Justice's merger guidelines, dene a relevant product and geographic market for a dispensary located in the middle of downtown Eugene. To get full credit, you must convince me each market is neither too big nor too small in the product and geographic dimensions. You may draw on any outside knowledge you have on the marijuana market.
WHAT IS MARIJUANA -----
Marijuana is a dried part of a plant or flower which people normally use as the way to smoke drags . But it do have its own pros and cons . People normally use it as a drugs so its overdose can effect the health of people using it in a unlimited manner . It has the chemicals which is good for humans if used in a prescribed manner . But in the yester years is was not legalized due to the fear of over usage of it by the people who are badly addicted to this .
ITS IMPORTANCE ---
There is a lots of benefits of this to the human kinds due to the development in the pharmacy and the technology which helps they to find out the good chemicals in this with the help of which they can be able to save people lives . It has the good bacteria and the chemicals which can help in curing high illness and symptoms due to which people in some of the states and cities argues to legalize the use of marijuana in the near market pharmacy , due to which people can get reach into them for there wellness . It helps the pharmacy to get to know new knowledge about it so that they can produce more medicines for different diseases .
TO GET FULL CREDIT ---
YES , its the reality that no market is neither too big nor too small in the production and geographic dimensions . The production of marijuana can be done in the small market also or in the big market also whether its legal or not . But if it will be legal for the pharmacy to do research on it and produce more medicines of it it will help the government of the US to get the proper data of the supply and the usage of it in the market and to the pharmacy . And due the the production of the medicines with this for the public in every small and big market it will be helpful for them to get reach for the medicines so that they can be able to cure the diseases and the high fever there family members are suffering from . It production must be legalized by the government only for the pharmaceutical companies for the manufacturing and all the actions and the function and decision must be taken by the government .Every function must be going under the governments control and there must be a high penalties for the offenders .