Elucidate the risks inherent in having the government

Reference no: EM1330933

Market failure and how it can be remedied or minimized

Find a current news article (within the last 6 months) that addresses a 'market failure' and write a summary covering the following points:

a. Explain the nature of the failure (it may be a failure to adequately provide a public good, or a failure to distribute income fairly, or a failure to account for an externality such as pollution.)

b. Recommend how this failure could be remedied or at least minimized.

c. Explain the risks inherent in having the government step in to compensate for market failure.

Reference no: EM1330933

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