Saturday, March 09, 2013

Unit 1: Is there market failure in the processed meat market?

The evidence seems to be indicating there is......but how valid is the evidence? The BBC reports

http://www.bbc.co.uk/news/health-21696174#

a) What type of market failure might be present in processed meat markets such as those for bacon and sausages?
b) Comment on the likely success of 2 policies the government could implement to reduce the market failure

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