Research and analyze the effects of the following government policies on the market equilibrium.
Increases in the Minimum Wage
Restrictions on International Trade
Pollution Controls
Natural Monopolies and Antitrust Regulation
When analyzing these policies, include some discussion of the following points when appropriate:
What is the purpose of the policy?
Why is the policy necessary?
The welfare of consumers, producers, and society (the winners and losers) before and after the policy
The distribution of costs and benefits
Does government intervention improve the situation?