Give one example of a market failure

Assignment Help Macroeconomics
Reference no: EM131326227

Market Failure Market failure is a situation in which a givenmarket does not efficiently organize production or allocate goodsand services to consumers. Overcoming market failure is asignificant challenge for the government, which is not easy toaccomplish and may require intervention. In this Discussion, youwill consider what the government can do to regulate marketinefficiencies. Post by Day 3 a 250- to 300-word statement thataddresses the following:

  • Give one example of a market failure, such as air pollution, water pollution, illegal immigration, orchild labor, that is an international problem.
  • Describe the roleof the U.S. government in addressing this international marketfailure and explain why the U.S. cannot unilaterally solve theproblem.
  • Explain how individual economic decisions affect thismarket failure and how economic principles can be applied to modifythose individual decisions to help correct the market failure.

Reference no: EM131326227

Questions Cloud

Prepare a presentation on the given post : The information you place in the presentation should pertain to your assigned topic for the Comprehensive Project. Use this assignment as an opportunity to practice and/or start the PowerPoint section of your Comprehensive Project.To complete thi..
Company to win a format war against a competing : Establishing a proprietary standard as the industry standard may require a company to win a format war against a competing and incompatible standard. Strategies for doing this include producing complementary products, leveraging killer application..
Describe how have your thoughts on cultural diversity : How have your thoughts on cultural diversity and minority changed since the beginning of this course and what three key writers most influenced that change? Consider the terms we have discussed.
History of emergency management in the united states : Throughout the history of emergency management in the United States, priorities set for government emergency management agencies have been driven by the most widely perceived threat or hazard
Give one example of a market failure : Give one example of a market failure, such as air pollution, water pollution, illegal immigration, orchild labor, that is an international problem. Describe the roleof the U.S. government in addressing this international marketfailure and explain ..
Develop a microsoft excel application : Develop a Microsoft Excel application that provides support for decision making. The application must be useful to someone, which means it needs to help someone analyze data and make appropriate decisions based on the data. Don't waste your time c..
Identify five major challenges a project manager faces : Identify the critical path and its activities for Rockfest. How long does the project take? Which activities have a slack time of 8 weeks or more? Identify five major challenges a project manager faces in events such as this one.
Single pasty farm in a large market : What price should they expect, being a single pasty farm in a large market? How many pasties in aggregate will be sold in the regional pasty market?
Function of every application of the computer system : Ensure that all hardware work together. Ensure that every function of every application of the computer system works and the system meets the functional requirements and the RFP specifications

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  If this monopolist engages in first-degree price discriminat

A monopolist faces demand P=400-4Qd and has constant marginal cost MC=80. If this monopolist engages in first-degree price discrimination, what would consumer surplus be?

  Find macro data on the british economys performance

Find macro data on the British economys performance since 1998 (inflation, unemployment, real GDP growth) and compare these with euro zone data.

  Effects on the development also diffusion of computer

The effects on the development also diffusion of computer technology in the 1970s and 1980s on the U.S. economy in the late 1990s to the present.

  Explain why the demand for bread will fall

Identify the flaw in this analysis: "If more Americans go on a low-carb diet, the demand for bread will fall. The decrease in the demand for bread will cause the price of bread to fall.

  Instruments of monetary policy respectively

State channels and instruments of monetary policy respectively.

  Hypothetical demand schedule for tammy fay

Consider the following hypothetical demand schedule for "Tammy Fay" brand Mascara: Qd  = 600 - 16? × P Where Qd represents quantity demanded in pounds and P is the price in dollars.

  Examining the impact of imposing tariff

Assume that Congress is considering imposing the 30% tariff on imported automobiles. Who would be the gainers and who would be the losers from such move?

  Benefit local businesses

Indicate whether each of the following would be considered an automatic stabilizer (last part of lecture and pg. 544):

  Equivalent uniform annual worth of machine

Maintenance costs are $200 and will be incurred every year beginning 5 years or 7 years from today with equal probability. If the market rate is 10%, what is the EXPECTED equivalent uniform annual worth of this machine?

  Describe what is the critical value for the test statistic

Recently, students in a marketing research class were interested in the driving behavior of students. Specifically, the marketing students were interested if exceeding the speed limit was related to social activity.

  Microeconomic project - country is costa rica company nike

microeconomic project - country is costa rica company nike 8-10 pages macroeconomic forces and policy decisions

  Determine total output per week in the economy

Select an economy that initially has a labor force of 2000 employees. Of these employees, 1900 are employed and each works forty hours per week. Ten units of output are produced by each hour of labor.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd