Topic: Regulating the monopoly power in automobile industry

Spend time discussing the precise nature of the market failure your topic addresses.

What is the specific form of market failure?

What are the implications for the efficient allocation of resources?

What would be a more efficient market outcome?

Discuss how different policy interventions might be used to tackle the market failure and briefly explain some of the issues involved in the measurement and monetization of private and social costs and benefits.

You should make sure you provide clear justifications for the proposed policies and set out the barriers to success if these policies were applied in the real world.

Consider how the recommended policy intervention will be evaluated after implementation.