Identify the types of market failure that has occurred

Assignment Help Marketing Management
Reference no: EM131115392

1: Markets Failures and Exceptions

For each of the following situations, the market system has failed and/or just will not allocate resources efficiently:

Situation 1: Firm A produces cement sifters. The process includes the melting of metals and chemicals which give the sifters strength. In the production process, waste is produced and released into the river that runs alongside of the plant.

Situation 2: Some states allow students to attend certain universities within the state tuition free if they are a resident of that state. As a result of this policy, the state's population is more educated and more productive in the workplace than many other states.

Situation 3: You live in a small subdivision with several residents. The subdivision has one short dirt road that provides access to all the homes. Bob, one of the residents of the subdivision, just inherited a large sum of money and decides to have the road in the subdivision paved. After the paving, Bob asked the other residents to pay their fair share of the costs for the paving, but they all refused.

Situation 4: The President of the United States has determined that the cost associated with national defense has become too expensive. In an effort to reduce costs and balance the budget, the President has asked the public to voluntarily pay for their fair share of the costs associated with national defense. One of his advisors insists that this would not work, another advisor thinks it's good policy. Which advisor is correct?

Required:

For each of the situations above, identify the type(s) of market failure that has occurred. For each situation, explain why or how the failures came about and describe the possible remedies or solutions. Explain your answers and use graphs or diagrams to justify your answers.

Deliverables:

Using Microsoft Word, create a 3-6 page report in APA format that addresses the above-noted scenarios and their respective questions.

Create a Microsoft PowerPoint presentation for each scenario, summarizing your paper and consisting of at least one slide per scenario.

Combine the presentations into one PowerPoint presentation.

Reference no: EM131115392

Reason for positioning and repositioning products

Explain the reason for positioning and repositioning products. Choose a product with which you are familiar, preferably one in your industry, and explain how it might be rep

Compute unit cost and markup price

Sanborn, a manufacturer of electric roof vents, realizes a cost of $55 for every unit it produces. Its total fixed costs equal $2 million. If the company manufactures 500,00

The internal environment as a determinant

In what situations do you believe that the external environment of the firm is more important than the internal environment as a determinant of the firm's profitability? Expla

What types of technology changes affect rei

Identify three or more of the secondary sources of information available for conducting market research on REI. Develop a short analysis of the value of these secondary source

Models of strategic planning and the advantages

The premise underlying each of the three models of strategic planning and the advantages each brings to the process. How to apply or implement strategic planning using each of

Identify hotel needs and rank in order of importance

Assignment Type: Individual Project Deliverable Length: 3-5 pages with charts, Present to the Hotel Escargo team a well-developed summary of your initial observations includin

Give examples of export promotion efforts

Give examples of export promotion efforts available to the US firms (feel free to use the web sources along with Textbook)Discuss the impact of two elements of culture (based

Case-international paper: industry and social responsibility

Case: International paper: Industry and social responsibility, After reading the case, go to the International Paper website, and understand the nature of their sustainable a

Reviews

Write a Review

 
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