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Discuss steps that should have been taken to self-correct

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Reference no: EM132927281

Question 1: Can you believe we are in our final summit session? This final summit revolves around the concept of elasticity of demand and its effect on consumers (you)! For this discussion, please investigate an industry market failure that has occurred within the last 10-years in the U.S. Identify the events that led to the market failure.

Question 2: Discuss steps that should have been taken to self-correct the market failure and steps that are being taken to eliminate the need of another government bailout in the future. Is your chosen industry currently operating efficiently?

Reference no: EM132927281

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