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You are a student of economics and you were recentlyasked to make a virtual presentation at a conference based on the article 'Drink Bottles'. REQUIED:

You are a student of economics and you were recentlyasked to make a virtual presentation at a conference based on the article 'Drink Bottles'.

REQUIED:

1. 'Drink Bottles' presents a case of market failure. Explain what is meant by market failure. Be sure to outline the sources of market failure.

2. Describe the negative externalities arising from the consumption and disposal of plastic bottles.(10 marks)

3. Outline measures to correct the market failure presented in the case.

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