Monday, September 01, 2008

Unit 1: Information failure: Perfume in pregnancy

This BBC article suggests possible information failure in the perfume market

http://news.bbc.co.uk/1/hi/scotland/edinburgh_and_east/7590641.stm

a) How does information failure represent market failure?
b) Evaluate 2 possible methods the govt could use to reduce the market failure in this case

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