Describe the costs incurred in the market failure in terms of who bears the costs and whether the costs are equally shared by federal, state, or local governments

Discuss whether either privatization of government services to correct the market failure or a public "takeover' in the case of a currently private industry might increase the output or efficiency or reduce negative externalities

Develop a policy recommendation involving either potential new regulations or regulatory changes that could positively impact the issue.

Evaluate the political ramifications and/or potential externalities that could result from the proposed change in regulation(s).