Market Failure and Government Intervention · Microeconomics
Information Failure
Analyzing how imbalances in knowledge between buyers and sellers lead to market inefficiency.
Key Questions
- 1How does the second-hand car market demonstrate information asymmetry?
- 2What role does advertising play in distorting consumer information?
- 3How can regulation protect consumers without stifling innovation?
National Curriculum Attainment Targets
GCSE: Economics - Market FailureGCSE: Economics - Information Failure
Year: Year 10
Subject: Economics
Unit: Market Failure and Government Intervention
Period: Microeconomics
Suggested Methodologies
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