Question Description
I’m studying for my Economics class and need an explanation.
Discuss steps that should have been taken to self-correct the market failure and steps that are being taken to eliminate the need of another government bailout in the future. Is your chosen industry currently operating efficiently?
Locate a recent article or event (published within the last year) that highlights your relevant microeconomics topic. Use the Hunt Library, newspapers, new stations, or other credible sources to discuss how your topic aligns with microeconomics. Include the following in your discussion:
- State the article or event you selected.
- Identify the microeconomic concept(s).
- Describe your findings.
- Analyze the relevance to real-life applications.
Summarize your findings
Explanation & Answer
Attached.
1
Running head: MARKET FAILURE
Market Failure
Student’s Name
Institutional Affiliation
Date
MARKET FAILURE
2
Market failure
United airlines failure
In 2009, the United airlines experienced a significant failure in their company. The
company was performing well in previous years and incurred high profits. The crash experienced
in that year due to many reasons that affected the performance of the company. The management
started mis...