This item says a Californian politician is trying to ban the sale of "normal" lightbulbs
http://news.bbc.co.uk/1/hi/business/6316635.stm
a) Why? What sort of market failure is ther in the free market for lightbulbs?
b) What form of government intervention is he suggesting?
c) Suggest TWO other ways the government could intervene to overcome this market failure and EVALUATE the likely success of the 3 different approaches
Monday, February 05, 2007
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