Saturday, April 05, 2008

Unit 2: Information failure and de/merit goods

A few stories which show the degree of information failure we as consumers face:

Ever wondered why you don't do as well in College on a Monday?
http://news.bbc.co.uk/1/hi/health/7328863.stm

Should women who wish to get pregnant be vets?
http://news.bbc.co.uk/1/hi/health/7326459.stm

Should you drink coffee or not?
http://news.bbc.co.uk/1/hi/health/7326839.stm

a) To what extent do you believe such reports reduce market failure?

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