Should Government Intervene in Classic Market Failure Facing Colleges as a result of the Pandemic?Discuss

Read the article that is attached to this document and also linked below and respond to the questions below with a 1-2 page essay, providing concise arguments for he merits of your position. BE SURE to include supporting market data for your position, if applicable.

Colleges Are Fueling the Pandemic in a Classic Market Failure: colleges face an existential crisis without the revenue from students on campus (room and board fees, event fees, tuition in some cases). Two economists argue that Government intervention would be helpful.

What do you think about this in general?

And, specifically, do you think University of Sasketchwan was right in closing the campus and offering remote classes only? If so, why?

https://urldefense.com/v3/__https://www.nytimes.com/2020/10/08/business/colleges-pandemic-market-failure.html?smid=em-share__;!!MLMg-p0Z!XdwiLXUBspOLNxSJC46MIZR-SWH1YpjnEGmZuNwFnl5UN-qPFpGJUQ8nPSwyy0c$