Market Failure - Economics
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Rescooped by Dave Null from Year 1 Micro
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AS Micro - Negative Externalities & Market Failure: Small shops back plastic bag charge

AS Micro - Negative Externalities & Market Failure: Small shops back plastic bag charge | Market Failure - Economics | Scoop.it

Via Saint Martin's - Economics , Matt Smith
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Cameron Beck's curator insight, December 1, 6:38 AM

The fact that plastic bags are free and sop available means that we are producing plastics at a faster rate and therefore, will eventually run out causing market failure. The government therefore have to intervene by charging people for these plastic bags and the charge gets rid of the incentive to throw a bag away but rather to reuse it, lowering production and solving the problem of market failure. 

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Economics – IA (Negative Externalities of Consumption) - Jiyeon's ...

Economics – IA (Negative Externalities of Consumption) - Jiyeon's ... | Market Failure - Economics | Scoop.it
Market failure is a condition in which a market does not efficiently allocate resources to achieve the greatest possible consumer satisfaction. The four main market failures are public good, market control, externality, and ...
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AS Micro: De-merit goods: Evaluation (L4) - Morrisons criticise alcohol price plans

AS Micro: De-merit goods: Evaluation (L4) - Morrisons criticise alcohol price plans | Market Failure - Economics | Scoop.it
Speaking to the BBC's Dominic Hughes, Guy Mason from Morrisons said that minimum unit prices for alcohol would punish responsible customers.

Via Saint Martin's - Economics
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alasdair copp's curator insight, November 17, 2014 3:39 PM

Do you agree with Morrisons that minimum prices of alcohol are not a good idea?  How would you argue the case?

Rescooped by Dave Null from Royal Russell Economics Unit 1 Market Failure - negative externalities - obesity
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Fizzy drinks tax needed - doctors

Fizzy drinks tax needed - doctors | Market Failure - Economics | Scoop.it
Fizzy drinks should be heavily taxed and junk food adverts banished until after the TV watershed, doctors say, in a call for action over obesity.

Via Helenhadjam
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BBC NEWS | Health | Binge drinking costing billions

BBC NEWS | Health | Binge drinking costing billions | Market Failure - Economics | Scoop.it
Britain's binge drinking culture is costing the country £20bn a year, according to a government report.
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Market failure | Policonomics

If the price does not include the true cost of the good or service it will be incurring in market failure. It is important to point out that externalities can be either positive or negative.
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