Reference no: EM132428843

Question 1: What type of business and industry is Fourevr Enterprises?

Question 2: What products or services do Fourevr Enterprises deliver?

Question 3: Define market failure and identify at least two of its most common forms. Select examples consistent with Fourevr's operations.

Question 4: {FIRST MARKET EXAMPLE} For each market failure identified, use graphs and economic models to explain the following:

(1) The reason for the market failure

(2) The possible or potential effects of the failure on Fourevr's operations (whether positive or negative)

(3) The role of government regulations/policy to correct each failure, and what effects those regulations might have on the company's costs, revenues, and profits

Question 5: {SECOND MARKET EXAMPLE} For each market failure identified, use graphs and economic models to explain the following:

(1) The reason for the market failure

(2) The possible or potential effects of the failure on Fourevr's operations (whether positive or negative)

(3) The role of government regulations/policy to correct each failure, and what effects those regulations might have on the company's costs, revenues, and profits