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