Week 6: Markel Failure and Externalities/Market Reform
A. Critically assess the economic rationale of govt. intervention in tobacco market in Australia? Consider market failure and externalities while making your analysts.
B. ACCC (Australian Competition and Consumer Commission) believes that there is a need to keep a close eye on the activities of two retail giants Woolworths and Coles. Prepare a report on what have been the recent with these two retail stores that ACCC is worried of and the attain ACCC has taken or is planning to take.
C. Where to next for the W.A. electricity sector? More competition or more regulation. Electricity prices have increased dramatically recently and the electricity sector has performed poor in W.A. What are the key impediments to an efficient electricity market in W.A.? Do you consider it as market failure? If yes would you recommend some type of govt. intervention in the market?
Attachment:- Assignment.rar