(b) Identify a newspaper article that illustrates a market failure in Barbados. NOTE: Only the following market failures should be examined: public good, asymmetric information, positive or negative...

(b) Identify a newspaper article that illustrates a market failure in Barbados.
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. (Maximum 30 words)
(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. (Maximum 30 words)


(iv) How will the imposition of the chosen government policy impact consumer surplus, producer surplus and total surplus in this scenario? (Maximum 30 words)