What sort of market failure exists in the market you chose

Reference no: EM132022434

Assignment: Pick one market in which the price system does not produce an equitable price and quantity of output. In this market demonstrate which mode of market failure exists. Write a paper of 500 words minimum discussion with at least 2 sources cited in the MLA format. In your discussion be sure to address the following:

1. Describe what sort of market failure exists in the market you chose.

2. Describe an action has our government taken in order to provide this good or service in an equitable fashion in order to resolve this market failure?

3. What has been the end result of this government intervention? (be sure to cite these results. Do not offer opinions)

4. What is at least one alternative to the current government intervention to resolve the market failure?

Reference no: EM132022434

Questions Cloud

What is the project average accounting return : what is the project’s average accounting return (AAR)?

Calculate tropical island real gdp : (i) Calculate Tropical Island's real GDP in 2015 and 2016 in terms of the base-year prices?

Summarize piagets stage theory in your own words : Demonstrate your understanding of the material in this course by developing a classroom plan for a preschool classroom, based on Piaget's Stage Theory.

New entry and decreased demand elasticity : Suppose that a new entry has decreased your demand elasticity from -5 to -6 (made demand more elastic) and that your price, before the new entry, was $20.

What sort of market failure exists in the market you chose : Describe what sort of market failure exists in the market you chose. Describe an action has our government taken in order to provide this good or service.

Equity approach to determine the value of company equity : Use the flow to equity approach to determine the value of the company’s equity.

Federal transportation administration : Federal Transportation Administration has introduced a new tax on train travel. There are two types of travelers by train, business travelers

Rates between developed and undeveloped countries : The past 500 years have seen divergence in GDP and growth rates between developed and undeveloped countries.

How can you determine if an argument is valid : How can you determine if an argument is valid? 50 words How are soundness and validity different? 50 words

User Account

All Pages