Discuss tools available to the government to correct a market failure. Provide examples from the textbook. Describe how government intervenion affects the supply and demand equilibrium.
Module Four Simulation
This Simulation checkpoint assignment directly supports your success on the course project. You will play the Simulation games, create the image file of your Simulation report, and discuss learned concepts and experiences in your submission.
For this assignment, first play the Simulation games Externali!es Without Policy Interven!ons and Externalities With Policy Interventionons in the Mind Tap environment. Then you will report your experiences playing those games. Your work in this assignment will directly support your success on the course project.
In your submission, remember to include the images of your Simulation reports. See the How to Submit a Simulation Report Image document for more informon. Then, reflect on the decisions you made in the Simulation and address the following government intervention op!ons in your submission:
Discuss tools available to the government to correct a market failure. Provide examples from the textbook.
Describe how government intervenion affects the supply and demand equilibrium.
Refer to the Simulation game to explain your responses. Specify which government intervention cause a consumer or producer surplus.
Explain how they impact consumer or produce surplus. Provide examples from the textbook