real nice piece of work good! Corporate Average Fuel Economy         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 for a more efficient          means of managing its resource …showed first 75 words of 678 total…

…showed last 75 words of 678 total…they          began to look for other features besides fuel economy: 1) size, 2) reliability and          3) performance.          ***         In conclusion, I believe that if the initial concept of the CAFE policy would have         been modified only slightly, to encompass small changes in the market place, it         could have had a more beneficial outcome. CAFE originally was a good concept         for both the consumer and the industry, but because of its downfalls it became a         hindrance to the automobile industry.