Unit 1: Market Failure & stupid people!!!!!

This picture from a US newspaper has great examples of both negative production and consumption externalities, although the woman involved only seems to be concerned about one of them!


The cigarette is a little hard to see but definitely there.

It has been investigated by hoax busting websites after allegations that it was simply a photoshop job, but has been pronounced true!


Click here for full article! Would be hilarious if not so tragic!