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Corporate Average Fuel Economy
Beginning of paper
The foreshadowed Market Failures of the mid 1970's gave way to Corporate
Average Fuel Economy, regulation which would call for new standards in
automobile fuel efficiency. The market failures hinged on a number of outside
variables which could have had a drastic effect on domestic markets.
Resource Scarcity drove the American public to call fo ....
Middle of paper
....bles on which it was based, turned out to be almost exactly
opposite.
Lower Gas Prices have a) caused the public to simply use more fuel, b)
drive more frequently due to less fuel consumption and c) look beyond
fuel economy when in the market for a new vehicle.
Quality Depletion of the total domestic car fleet due to special
attention to only t.... |
| Word count: 647 |
Page count: 3 |
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