Consider catch shares and the helpful aspects of this government intervention. Explain the current government intervention and exactly how it corrects the market failure.
I dont know how to handle this Economics question and need guidance.
Expand your discussion of the market from Part I (part 1 attached), using what you have learned about market failures/problems. Discuss why the market failure occurs and include the correct graph.
Consider catch shares (Links on articles about catch shares attached) and the helpful aspects of this government intervention. Explain the current government intervention and exactly how it corrects the market failure. Include any other beneficial aspects of catch shares that you find through your own research. The paper should be cited in Chicago style.
The body of the text must be at least 4 full pages: a revision of the first 2 pages (The one attached “part 1”) already submitted. (Try integrating the first draft “part 1” with this one) PLUS an additional 2 pages. Make sure to include a title page and an updated bibliography page (both should be on their own pages and not share a page with the body of the text). Graphs/Charts/Figures should be at the very end of the text and are not included in page count.