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How is Market Value Defined and Measured

Latin America's duty free cigarette market, particularly Brazil, Mexico, Panama, and the Caribbean, is growing steadily at approximately 5.5% CAGR, supported by expanding tourism infrastructure and growing middle-class travel budgets

GENERAL - The auction and sale conditions are made known to every interested person and are posted in the auction hall during the exhibition and auction

Given this evidence, policymakers should not be applying the standard economics model [in which people are presumed to act rationally] to smoking policy, which would imply relatively little merit for features such as warning labels

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