Conclusion
The success of the cigarette market is largely a 20th century phenomenon in the United States. The relative inexpensive cost of supply and high demand for cigarettes allow the market to be very profitable for the producers. Even better for the producers is the market structure, an oligarchy, which allows for perhaps the maximum attainable profit in the U.S., a possibility due to the resistance and regulation of monopolies in the country. However, the success of this market has been declining in the latter half of the 20th century for various reasons, including changes in demand and government regulation (namely taxes). Even though there has been a decline in the U.S. market up to the end of the 20th century, this has not stopped companies who were born in the U.S. market to seek economic success internationally.
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