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Explain how natural monopolies cause market failure? How is the deadweight loss associated with this form of market failure measured? What is a typical form of government intervention to correct it? How effective is this type of intervention? Use the material from this course to support your answer.

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019

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Related questions

Topic: Economic Economy Equalibrium

Instructions: In 600 words, answer the related questions with credible supported explainations. Provide your references for a thumbs up rating.

Fact: The economy is at equilibrium when quantity demanded is equal to quantity supplied.

- Why does market move away from its equilibrium? Explain.

- Does disequilibrium occurs due to the absence of government intervention? Explain.

- Does government intervention keep the economy away from its equilibrium? Why? Explain.

- Explain the meaning of “Market Failure”? Explain.

- Does government intervention correct the market failure? Explain.

Market failure is a situation in which a given market does not efficiently organize production or allocate goods and services to consumers. Overcoming market failure is a significant challenge for the government, which is not easy to accomplish and may require intervention. In this Discussion, you will consider what the government can do to regulate market inefficiencies. Give one example of a market failure, such as air pollution, water pollution, illegal immigration, or child labor, that is an international problem. Describe the role of the U.S. government in addressing this international market failure and explain why the U.S. cannot unilaterally solve the problem. Explain how individual economic decisions affect this market failure and how economic principles can be applied to modify those individual decisions to help correct the market failure.

Market failure is a situation in which a given market does not efficiently organize production or allocate goods and services to consumers. Overcoming market failure is a significant challenge for the government, which is not easy to accomplish and may require intervention. What can the government can do to regulate market inefficiencies? • Give one example of a market failure, such as air pollution, water pollution, illegal immigration, or child labor, which is an international problem. • Describe the role of the U.S. government in addressing this international market failure and explain why the U.S. cannot unilaterally solve the problem. • Explain how individual economic decisions affect this market failure and how economic principles can be applied to modify those individual decisions to help correct the market failure.

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