Evaluating Legal Prices

Evaluating Legal Prices

Collect information regarding the minimum wage. State the purpose of this legal price, assess its impact on the market for labor,
and evaluate the extent to which it achieves its purpose.

Evaluating Antitrust Legislation: Collect information regarding antitrust legislation. State the purpose of this legislation and assess its impact on firms
and consumers, and evaluate the extent to which it achieves its purpose. * You might want to consult the case of Microsoft (U.S. v. Microsoft Corporation
(Civil Action No. 98-1232) and State of New York ex. rel Attorney General Eliot Spitzer, et al., v. Microsoft Corporation (Civil Action No. 98-1233).

Evaluating Market Failures: Collect information regarding the Health Care Crisis. Determine if health care quality could be improved and costs lowered if
the Medical Liability System was reformed.

Evaluating Environmental Regulation: Collect information regarding recycling programs. State the purpose of these programs, assess their impact on firms
and consumers, and evaluate the extent to which they achieve their purpose.

Evaluating Externalities: Collect information regarding subsidizing education. State the purpose of such subsidies and assess their impact on individuals
and on society. International comparisons can be made to evaluate how these subsidies achieve their purpose.

Applying Cost / Benefit analysis: Collect information regarding Global Warming. Considering factors such as food supplies, population growth, water
availability and renewable energy, compare the marginal costs and the marginal benefits of global warming and describe what an ‘environmentally
sustainable’ economy would be.

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