Sunday, October 14, 2012

Unit 1: Liquid nitrogen cocktails: Acase for government intervention in the free market?

I couldn't believe this story

http://www.bbc.co.uk/news/uk-19878511#

a) What example of market failure would such drinks represent?
b) What methods of government intervention could be used to eliminate he market failure?
c) Comment on the likely success of such policies

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