What will a buyer in the black market do differently in the long run?
(a) Provide an overview of the concept of the black market and the motivations behind participating in such economic activities.
(b) Discuss the potential risks and consequences associated with engaging in transactions within the black market.
(c) Explore the economic, social, and legal implications for buyers in the long run when participating in the black market.
(d) Analyze the factors that may influence buyers to continue or discontinue their involvement in the black market over an extended period.