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What type of market failure happened in fishbanks

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Reference no: EM133552349

Question  1. What type of market failure happened in Fishbanks? Why?

Question 2. What alternative solutions exist to prevent or respond to this type of market failure in general (not just in Fishbanks)? Describe each in one or two sentences.

Question 3. If you play this game again, what change can you make in your strategy to win the competition (i.e., maximize your net worth)?

Question 4. Can you convert the situation that arose in your Fishbanks experience to a win-win situation for all teams? If yes, what exactly would you do? Describe briefly but precisely in a few lines.

Reference no: EM133552349

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