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In the prevalent circumstance of Covid-19 pandemic, people have the concern of information failures arising in different markets of goods and services which may have caused the inefficiencies of resource allocation (market failures).

Do desk research for an example of one information failure having occurred in a market (either in Vietnam or any country with your best knowledge of). Explain how the information failure has resulted in the inefficient outcomes of resource allocation. Can the government of the country correct the market failure? Discuss the approach/es that the government has taken to fix the problems for achieving the socially efficient outcomes.

PS: LINKS REFERENCES AND TEXTCIATION ARE REQUIRE!