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I find this to be a very interesting question...

  • When you press the calculator...
  • (AJC Prelims 2009 Qn 3) Explain why the level of innovation in markets is likely to be less than desirable and discuss the view that innovation should therefore be solely carried out by the government. [25]

    Interesting twist to market failure. Has potential to get very extreme scores.

    Cheers,
    Shi-Jie

    Posted by When you press the calculator... at 9/30/2010 10:49:00 PM  

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