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.
Reso ....
Middle of paper
.... be minimized because of the a)
decreased demand for fuel consumption and b) lowered fuel demand
allowed for domestic producers to meet the basic needs of the public.
Maximum fuel efficiency would a) cut the amount of fuel consumption thus
nullifying high pump prices and b) raise the level of conservation by
lowering the amount consumed.
Although the intentions of Corporate Average Fuel Economy in the 1970's
was thought to be a cure-all but, over the long run it has turned out to be a
f ....
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Word count: 647
Page count: 3 (approximately 250 words per page)
