Describe and explain with a market diagram for fire-  extinguisher.  Do you think the fire-extinguisher market is  efficient? Explain. (b)If the fire-extinguisher market is not efficient, suggests one method to make it efficient.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Installing fire-extinguishers is not a requirement in most  households.  With a fire distinguisher in a house, in the event  of a fire, the fire can be put off quickly.  This protect the life  and property of the household that install it. This also prevent the fire from spreading to the neighbourhood and also benefits the neighbourhood.

(a) Describe and explain with a market diagram for fire-  extinguisher.  Do you think the fire-extinguisher market is  efficient? Explain.

(b)If the fire-extinguisher market is not efficient, suggests one method to make it efficient.

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