Saturday, 25 October 2008

Market Failure (Economics)

The BBC reports most women are unaware of the increased risk of breast cancer which follows excessive drinking

Revise your notes on market failure and then consider the following:

a) Why is this an example of information failure?
b) How does the market fail?
c) What actions could the government take to reduce the market failure?
d) How successful do you think such measures would be?

(Remember to read the Purpose of this Blog section...)

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