BCOR%203010%20Class%209

BCOR%203010%20Class%209 - BCOR3010 Class#9"Market Failures...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
BCOR3010 Class #9: “Market Failures:” Why Do We Constrain Business Decision Making with Government Action?
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Market Failures:” Looking to the Government to Alter the Outcomes of Pure Self-Interest Income Distribution: That Equality Thing Again The Traditional “Market Failures”: A Short Return to Our Friends at Wal-Mart Monopolies Externalities and the Tragedy of the Commons Public Goods Information Limitations A Summary of the Arguments in Favor of Government Involvement in the Free Market: A Look Back at Merck and Vioxx and the Tobacco Companies Case. 2
Image of page 2
How government activities affect income distribution Income = wages paid X hours you work + interest X capital 3
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
The Government to the Rescue: Things to Consider What, if anything, is wrong with allowing business in all circumstances to pursue its own interests unregulated? What are the deficiencies in a pure system of unregulated markets?
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern