Tuesday, September 01, 2009

Unit 1: Actions to reduce the market failure in the lightbulb market

A really helpful clip/articles from the BBC

http://news.bbc.co.uk/1/hi/uk/8230463.stm video
http://news.bbc.co.uk/1/hi/world/europe/8230961.stm article
http://news.bbc.co.uk/1/hi/uk/8229476.stm article

a) How does the market for traditional lightbulbs fail?
b) What type of action is the EU taking to reduce this failure?
c) Why are some customers unhappy at the EU decision?
d) To what extent do you think their actions will be successful?

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