According to recent public health and environmental reports, the rapid rise in the consumption of disposable e-cigarettes (vapes) has created a dual crisis. In addition to long-term health risks and rising nicotine addiction among adolescents, millions of single-use vapes are discarded weekly, leaching lithium, plastics, and toxic chemicals into soil and waterways.
Explain why the consumption and disposal of disposable e-cigarettes may be a source of market failure.
378 exam-style questions on AQA A Level Economics 1.8 The market mechanism, market failure and government intervention in markets, covering 1.8.1 How markets and prices allocate resources, 1.8.2 The meaning of market failure, 1.8.3 Public goods, private goods and quasi-public goods, 1.8.4 Positive and negative externalities in consumption and production, 1.8.5 Merit and demerit goods, 1.8.6 Market imperfections, 1.8.7 Competition policy (A-level only), 1.8.8 Public ownership, privatisation, regulation and deregulation of markets (A-level only), 1.8.9 Government intervention in markets, and 1.8.10 Government failure. Each one has a worked solution and a mark scheme showing where the marks go.