Sunday, July 01, 2007

Unit 2: Using legislation to overcome market failure

This BBC article explains how manufacturers are now responsible for disposing of the electical items they produce

http://news.bbc.co.uk/1/hi/sci/tech/6250080.stm

a) Why has this legislation been introduced; ie in which way does the market fail?
b) How successful do you think this will be in reducing the market failure?

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