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Review the concept of market failures learnt and search for an evidence of one kind of market failures in the real-life industry of carbonated drinks
Review the concept of market failures learnt and search for an evidence of one kind of market failures in the real-life industry of carbonated drinks industry in Vietnam from 2019-2021 . Which is the one possible market failure of the industry? Discuss the source of the market failure (whether the problem is of information failures, externalities, public goods or imperfect competition). What are the possible governments' regulations to correct the market failures?
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