This is too expensive! But there arent any other stores that offer this product. So i will have to stop buying this product.
Not Enough Infomation
I had no idea that these products were so bad for my health. I will never purchase these again!
The five causes of market failures and how the government could step in and help.
Resources that can't, or won't, move
I can’t move this factory. I guess I will have to shut it down and open a new one.
The government could step in and help other businesses by promoting them so that more competition could arise and help the consumer not have to pay outrageous prices.
Too few public goods
The government could help provide more information about different products which would allow more consumers to understand the products they are buying.
Externalities or Spillover Effects
The government should tax companies that want to move their operation to other cities because it could affect the local economy.
The government needs to find a way to repair issues that affect the citizens.
This highway needs to be repaired and maintained. It's a safety issue.
The government can fix this problem by taxing goods when production generates spillover costs.
The noise from the airport might affect the nearby neighborhoods.
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