Description
Option #1: Market Failure and Transactions Cost
Complete the following:
- Find an article published within 60 days prior to the term that deals with a government action intended to alleviate a market failure.
- Evaluate this decision in light of the potential or realized unintended consequences and the role that transactions cost plays in the market failure.
- Create a demand-supply graph that illustrates this market failure and very briefly explain the graph.
Requirements:
- Your paper should be at least 2 pages in length and must conform to the CSU-Global Guide to Writing and APA Requirements.
- Include a supply-demand graph.
- Incorporate at least three scholarly references that are not required readings for this module. The CSU-Global Library is a good place to find these references.
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Explanation & Answer
Attached.
OUTLINE
INTRODUCTION
BODY
CONCLUSION
ECONOMICS
1
Market Failure and Government Intervention
Name
Instructor
Institutional Affiliation
Date
ECONOMICS
2
MARKET FAILURE AND GOVERNMENT INTERVENTION
Perfect competitive markets sometimes do fail when left on their own. This is the reason
why government intervenes to provide efficient and fair allocation of resources. The role of the
government include: regulation, allocation, stabilization and distribution. The regulatory roles
are the rules that are responsible for the efficiency of a market system e.g. the Fair Trade Act,
Consumer Guarantees Act and Relations Act. T...
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