a. Explain what you understand by information failure. b. Explain why it is necessary to know what

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a. Explain what you understand by ‘information failure’.

b. Explain why it is necessary to know what this means when classifying goods as merit or demerit goods.

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Cambridge International AS And A Level Economics Coursebook

ISBN: 9781107679511

3rd Edition

Authors: Colin Bamford, Susan Grant

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Question Posted: Sep 14, 2021 01:18 AM

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a. Explain what you understand by information failure. b. Explain why it is necessary to know what

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aInformation failure occurs when people have inaccurate inco...View the full answer

Cambridge International AS And A Level Economics Coursebook

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