Week 9. Impact of Government Regulation” Please respond to the following:ÿWelcomeÿ to week 9 of the quarter.ÿLast week we covered contracting in cooperatives games, moral hazard, principle-agent models, efficient organizational form, and mergers. The learning objective for this week isÿapply economic concepts and approaches to the formulation, implementation ÿand evaluation of business strategy, and public policy in the areas of economics. We shall develop change strategies to effectively implement ÿeconomic ÿpolicy modifications that respond to market conditions, and improve economic performance. ÿThe following topics will be covered this week: John Stossel (TV personality) on Regulationÿhttp://www.youtube.com/watch?v=FMpt7JYF_Lchttp://www.youtube.com/watch?v=L478SB2uoOMhttp://www.youtube.com/watch?v=HucEOBf9OMshttp://www.youtube.com/watch?v=pAg3TUX5MYk”Impact of Government Regulation””Agency theory”ÿ http://www.youtube.com/watch?v=iELQt42LEQkGovernment regulationÿhttp://www.youtube.com/watch?v=dZL25NSLhEAhttp://www.youtube.com/watch?v=OPbw3Csj6I8http://www.youtube.com/watch?v=lZfbZDK0hLwhttp://www.youtube.com/watch?v=KMoRgHZPVgI