This BBC clip/article suggests that regulations by themselves may not reduce market failure
http://news.bbc.co.uk/1/hi/health/8253869.stm video
http://news.bbc.co.uk/1/hi/uk/8253676.stm article
a) What is the intention of the regulation?
b) Why is it not working as intended?
c) What disadvantages of using regulation does this illustrate?
d) What actions do you suggest could improve the effectiveness of the regulation?
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