Topic: Module 9 - Discussion: Market Efficiency and Market Failures
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Course
Topic: Module 9
Institution
Topic: Module 9
Module 9 Market Efkciency and Market Failures
29 74
Discussion
Select & Explore
Can you believe we are in our final summit session? This final summit revolves around the concept of elasticity of demand and its affect on consumers (you)! For this discussion, p...
This is a graded discussion: 100 points possible due Mar 15 at 8:59pm
29 74
Module 9 Market Efkciency and
Market Failures
Discussion
Select & Explore
Can you believe we are in our final summit
session? This final summit revolves around the
concept of elasticity of demand and its affect
on consumers (you)! For this discussion, please
investigate an industry market failure that has
occurred within the last 10- years in the U.S.
Identify the events that led to the market
failure.
Discuss steps that should have been taken
to self- correct the market failure and steps
that are being
taken to eliminate the need of another government bailout in the future. Is your
chosen industry currently operating efficiently?
Locate a recent article or event (published within the last year) that highlights your
relevant microeconomics topic. Use the Hunt Library, newspapers, new stations, or
other credible sources to discuss how your topic aligns with microeconomics. Include
the following in your discussion:
State the article or event you
selected. Identify the
microeconomic concept(s).
Describe your findings.
Analyze the relevance to real-life applications.
,3/15/202 Topic: Module 9 - Discussion: Market Efficiency and Market
0 Failures
Summarize your findings using at least 250 words and provide a minimum of one
reference. Use current APA formatting to document your sources.
Post your findings by the third day of the module week. Return by the sixth day of the
module week to review your classmates' posts. Respond to at least two of your peers.
Your response should be at least one paragraph, two to three sentences in length, and
include the following.
Whether you agree or disagree with the findings and why
A probing question that facilitates further discussion of
the topic Review the Discussion Rubric for detailed
grading instructions.
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Kevin Anderson
(https://erau.instructure.com/courses/109629/users/48337)
Monday
With our culture on the brink of panic with the Coronavirus outbreak, consumers
may find bare shelves when they head out to the store to pick up normal cleaning
products. This is due to the stockpiling of consumers for goods like bleach wipes,
alcohol pads, toilet paper, bottled water, etc. Likewise, Amazon is finding the need
to stockpile some items that they would not normally keep the same high
quantities on hand. This is being kept "on the down low" by the company,
however, consumers and readers can read between the lines and find that there is
a looming market failure for many goods coming out of China. Much like
consumers feel the need to stockpile cleaning and hygienic products, Amazon is
stockpiling Chinese made goods as they can see no end in sight to the supply
chain disruption initially thought to be relatively short lived. As of February 14th,
workers had not returned to the factories one week later than expected from
Chinese New Year's initial leave.
This news had Amazon reaching out to additional suppliers in an effort to have the
goods that are demanded from the online retailer at the normal level without
https://erau.instructure.com/courses/109629/discussion_topics/1713498? 3/51
module_item_id=6067655
, 3/15/202 Topic: Module 9 - Discussion: Market Efficiency and Market
0 Failures
disrupting their own business. After all, most items people buy from Amazon, they
can get from the store if they would just get out of their pajamas... but what if the
brick and mortar stores are out of stock as
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