Sunday, October 12, 2008

Unit 1: Negative externalities associated with Health issues in the Uk

Two articles from the BBC showing negative externalities

http://news.bbc.co.uk/1/hi/health/7656214.stm obesity
http://news.bbc.co.uk/1/hi/health/7654153.stm smoking

a) Using a diagram, explain why obesity and smoking represent market failure

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