I need help on What is market failure, why might it occur, and how might it be remedied? Discuss.

I need help on What is market failure, why might it occur, and how might it be remedied? Discuss.
These are the instructions given:
Your essay should be no less than 500 words, but no more than 750 words in length. The word count excludes any title or cover pages, figures, tables, graphs, diagrams, and also excludes your bibliography or references list. Put simply, only the substantive part of your essay (introduction, ‘body’ paragraphs and conclusion) will count towards the allocated number of words. You do not need to include an abstract or summary of your essay. Although the structure of the essay is up to you, as a rough guideline, you might want to consider using the following setup for your essay: 1 paragraph for your introduction; 2 to 4 short paragraphs for the ‘body’ of your essay, and 1 paragraph for your conclusion. We suggest you use a standard font type, like Arial or Times New Roman or Helvetica, size 12 font, with 1.5 line spacing.
Introduction and ConclusionSuitable introduction and conclusion paragraphs are written. For example, the introduction ‘sets the scene’; gives background or context to your argument; defines any particular concept(s) where necessary; outlines the path of particular argument you would like to take, and the conclusion summarises with some key points of discussion with the intention of arriving at a reasonably thought-provoking end to the essay.
The discussion section (‘body’) of the essay is crafted in such a way that the reader is presented with a coherent and convincing argument (or set of arguments) that might reasonably persuade the reader to think more deeply or differently about the topic at hand.
The use of one or more real-world examples strengthens the writer’s argument, and helps the reader to see linkages between economic theory and real-world application.
In addition to other sources used, one or more peer-reviewed academic sources (i.e., from academic journals) have been used, and all sources are correctly cited in the text and collated in a bibliography or references list using the American Psychological Association (APA) 7th edition style of referencing.
Some Thoughts About How to Write Your Essay
A general discussion entails arguing for or against something (i.e., looking at different opinions for or against the topic question). It may also take on a more ‘balanced’ perspective, in which, you do not necessarily pick a particular line of argument for or against something, but rather consider both perspectives in a reasoned way. A critical discussion would take this a step further by looking at the strengths and weaknesses of various opinions, which might also include comparing and contrasting various perspectives (i.e., looking at similarities and differences). How you decide to discuss the essay topic is very much up to you, and you are free to choose one or more sources of market failure as you build your discussion accordingly.
PLEASE NOTE: What we are most interested in seeing is the quality of your discussion (instead of the quantity of your discussion) and the type(s) of argument(s) you make, based on the skills, knowledge, attitudes, and values (SKAVs) you have acquired; the real-world example(s) you choose to use, and theoretical and applied evidence you draw on from credible sources (e.g., peer-reviewed academic journals or published textbooks) in developing your relatively short discussion.
Some Ideas and/or Examples to Get You Started
This essay discussion is essentially about the sources of (private) market failure. Think intently about the assumptions of the (perfectly) competitive market model. For instance, there are numerous sources of market failure (e.g., imperfect competition, imperfect information, public goods, and externalities). From the outset, what market failure means for the equilibrium price and quantity traded is very much part of your investigation and essay discussion. Two examples of possible avenues to pursue in your discussion could be as follows: First, think about the role information plays in market transactions. Competitive market transactions rely on there being perfect information or information symmetry amongst buyers and sellers. But, what if there’s missing information or one party to a market transaction knows something that the other doesn’t know (imperfect information or information asymmetry)? What are moral hazard and adverse selection, and why are they important in, for example, the various insurance industries (e.g., health, life, property insurance etc.)? Second, think about the role externalities play in market transactions. Competitive market transactions assume there are no externality effects. But, where a negative externality exists, what role do property rights play? What’s the Coase Theorem? There’s a LOT of scope for you to exercise your critical thinking skills here, and the writing of the essay topic itself helps guide (scaffold) you by asking you to focus on the what, the why, and the how of the essay question posed.
Amount of sources needed is flexible, but preferably 4+ sources. Thanks
GraduateAssistants.net is among the highest quality and affordable writing services around.
Our writers have excelled in diverse backgrounds and have been well vetted to work on your assignments.
Homework is a very important segment of your coursework, and We, therefore, understand that you need to excel in your homework.
We take your homework seriously and we only guarantee high grades!
We prepare original work and attach a free plagiarism report!
We will not let you down!
Place your Order Now

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Graduate Assistants, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@acmehomework.com.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Graduate Assistants has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.


Essay Writing Services

At Graduate Assistants, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.


Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.


Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.


Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.