[SOLVED] Describe the fishing market using what you have learned about market failures/problems. Discuss why the market failure occurs and include the correct graph
Im stuck on a Economics question and need an explanation.
Expand your discussion of the market from Part I (attached), using what you have learned about market failures/problems and the feedback you received. Discuss why the market failure occurs and include the correct graph.
Consider catch shares (Links on articles attached) and the helpful aspects of this government intervention. Explain the current government intervention and exactly how it corrects the market failure. Include any other beneficial aspects of catch shares that you find through your own research.
The body of the text must be at least 4 full pages: a revision of the first 2 pages (already submitted) PLUS an additional 2 pages (what I need you to write), (Chicago style) for all font/spacing/margin/etc requirements. Make sure to include a title page and an updated bibliography page (both should be on their own pages and not share a page with the body of the text). Graphs/Charts/Figures (A graph is that explains the market failure is mandatory) should be at the very end of the text and are not included in page count.