Module 9 Market Efkciency and Market Failures

 This is a graded discussion: 100 points possible due Mar 15 at 8:59pm 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, 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. Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.  Post & Respond 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. Search entries or author Unread   • Subscribed  Reply Kevin Anderson  ( 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 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