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Cobi Smith edited Lecture_5_Market_failures_Ian__.md
almost 9 years ago
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**Lecture 5**
# Market failures
Ian confesses to knowing more about Mick Jagger than about current music industry dynamics but
he knows it's not great for artists.
Regulated capitalism - competition legislation like the ACCC https://www.accc.gov.au/consumers/complaints-problems
Carbon tax, patent laws, restrictions, macroeconomics