(b) Identify a newspaper article that illustrates a market failure in Trinidad. Ensure that you provide a screenshot of the article in your submission. NOTE: Only the following market failures should be examined: public good, asymmetric information, positive or negative externality.

(i) Provide a brief summary of the main points in the article.

ii)Identify the type of market failure being discussed in the article and discuss why market failure occurs in this scenario.

(iii) Suggest a relevant government policy that would yield the efficient outcome and carefully explain the process through which the implementation of the government policy will lead to the optimal outcome.

(iv) How will the imposition of the chosen government policy impact consumer surplus, producer surplus and total surplus in this scenario?

Please note that the assigned country is TRINIDAD