Monday, May 26, 2008

Unit 2: Legislation to reduce market failure: Cigarette displays

The BBC reports plans in Scotland to ban the display of cigarettes and possibly ban the sale of packets of 10

http://news.bbc.co.uk/1/hi/scotland/7419206.stm

a) How does the cigarette market fail?
b) How likely would these 2 proposals be to reduce the market failure?

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