The BBC reports the latest on sunbeds and the potential danger associated with their overuse
http://news.bbc.co.uk/1/hi/health/8172690.stm article
http://news.bbc.co.uk/1/hi/health/8174136.stm video
a) How is this market subject to information failure (watch the video as well as reading the article)?
b) What is the result of this information failure in the market?
c) Explain 2 approaches the govt could take to reduce the market failure
d) To what extent do you believe such intervention would reduce the market failure?
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2 comments:
nice!
I liked your blog post about economics, specifically the information failure of sunbeds and tanning. It's nice to see that you have a unique perspective on economics, and I also liked the comment feed. Sunbed Tanning
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