Market Failure Identification Name ______________________________
Consider a market in which you think there exists a market failure. NOTE: Do not use the following markets: Tobacco, 2009 Mortgage Bond, Public Utilities, Public Fireworks, Higher Education, and Frontier Refinery.
Answer the following questions:
Name of the market _______________________________________________
Service area of your market _________________________________________
Number of firms in the service area ___________________________________
Discussion of Market Price__________________________________________
Annual sales in your market_________________________________________
The market failure. Why does this market failure exist? You need to convince me of the Market Failure's existence. Note, you are only picking one market failure. If you feel that there is more than one market failure in your market, only discuss the most prominent market failure in this paper. Market Failures include:
Information Asymmetry
Externalities
Market Power
Public Goods-Free Rider
Common Resources-Tragedy of Commons
Market Failure Identification Name ______________________________
Consider a market in which you think there exists a market failure. NOTE: Do not use the following markets: Tobacco, 2009 Mortgage Bond, Public Utilities, Public Fireworks, Higher Education, and Frontier Refinery.
Answer the following questions:
Name of the market _______________________________________________
Service area of your market _________________________________________
Number of firms in the service area ___________________________________
Discussion of Market Price__________________________________________
Annual sales in your market_________________________________________
The market failure. Why does this market failure exist? You need to convince me of the Market Failure's existence. Note, you are only picking one market failure. If you feel that there is more than one market failure in your market, only discuss the most prominent market failure in this paper. Market Failures include:
Information Asymmetry
Externalities
Market Power
Public Goods-Free Rider
Common Resources-Tragedy of Commons
For unlimited access to Homework Help, a Homework+ subscription is required.