Monday, February 16, 2009

Unit 1: Cannabis consumption as an example of market failure

The BBC has the latest govt advert to try and reduce cannabis consumption

http://news.bbc.co.uk/1/hi/uk_politics/7891857.stm

a) In what catagory of market failure would you place cannabis consumption? Explain your answer
b) To what extent do you think adverts such as these will reduce the market failure

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