From tutor2u comes this example of the success of government action to correct a market failure
http://www.tutor2u.net/blog/index.php/economics/comments/irish-plastic-bag-tax/#extended
a) What is the market failure that arises from the use of plastic bags?
b) How does the free market in plastic bags fail?
c) Using a diagram explain how the imposition of a tax on each bag should reduce the market failure
d) How important do you think the public information campaign appears to have been in reducing consumption of plastic bags?
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment