Market Failures - Definitions and Examples
For the assignment below, you will join a small group, with whom you will read two or three blog posts about a particular type of market failure. After you have read and discussed the assigned posts, fill out this form with your partners and click 'submit'.
Type of Market Failure
What type of market failure is your group researching?
Positive externalitites of production
Positive externalities of consumption
Common Access Resources
Define the type of market failure you are researching
Under or Over Production?
In the case of your type of market failure, is the good in question being over-produced, under-produced, or not produced at all by the free market?
Not produced at all
It's not about how much is being produced
From the list below, check all the markets that exibit the characteristics of the type of market failure you are researching
Gift giving at Christmas
Open source software
Logging in rainforests
Gaps between rich and poor
Choose one of the examples you checked above and explain the characteristics of the market that make it a market failure
From the list below, check the boxes next to the government responses to the market failure that could lead to a more efficient allocation of resources.
Progressive income tax
Privatization of common resources
Explanation of Government Response
In the space below, briefly explain how one of the government responses you checked above would help improve efficiency in the market for the good.
Write the names of the people in your group
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