I. 🍃Introduction
- Brief explanation of the topic

II. Why it might work
- Consumer sovereignty
- Firms responding to changes in demand
- Low prices and high quality
- High efficiency due to competition and profit motive
- Variety of products and choice

III. Why it might not work
- Poor consumers having little influence
- Monopolies charging high prices and producing low quality
- Underproduction of products with external benefits
- Overproduction of products with external costs
- Examples of such products

IV. 👉Conclusion
- Summary of the points made
- Final thoughts on the topic