Expand your discussion of the market from Part I, using what you have learned about market failures/problems and the feedback you received. Discuss why the market failure occurs and include the correct graph.

Consider catch shares and the positive aspects of this government intervention. Explain the current government intervention and exactly how it corrects the market failure. Include any other positive aspects of catch shares that you find through your own research.

The body of the text must be at least 4 full pages: a revision of the first 2 pages already submitted (addressing all comments you received as well as integrating the first draft with this one) PLUS an additional 2 pages, Your study must be 6 FULL pages of text (at least 6 no more than 7), double-spaced, 1″ margins, and size 11 Calibri FONT.Title/title page is not included in page count. Graphs, tables, figures, images, and references page should be included at the end of the text and are NOT to be included in the page length requirement.. Make sure to include a title page and an updated citation page (both should be on their own pages and not share a page with the body of the text). Chicago style formatting. More economic analysis of demand and supply.