Look at the news (a traditional newspaper such as the New York Times or Wall Str

Look at the news (a traditional newspaper such as the New York Times or Wall Street Journal, Google Business News, a news magazine, or video news show) where you can identify an example of market failure, where pursuit of profit brings about a worse-off circumstance, either for the economic actors or for society as a whole. The story should show either
How competition and self-interest brings about a worse outcome from either the economic actors or for society as a whole, or
How a current example of an economic externality (tragedy of the commons, free rider or moral hazard) brings about a worse outcome for the economic actors, for society as a whole, or both
Write a short piece in your homework journal, 200-300 words
describing the incident or condition
explaining how it shows that free market, self-interested pursuit of profit brings about a worse-off condition for society.