Problem
1. Do you think General Motors is too big? Would you vote to have it broken up into several smaller firms? What are the major factors that influence your views on this question? Assume that the head of the Pontiac division of General Motors earns his bonuses and promotions on the basis of how Pontiac division (not GM as a whole) performs. The same applies to the heads of Chevrolet, Buick, and other GM divisions. Can you explain why rivalry and competition among divisions should be expected? Will there also be cooperation? What kinds? Will testing laboratories be shared? Will consumers gain? What might consumers lose if GM is not broken up into separate companies? What will be lost if it is broken up? Write a short essay either defending GM or arguing for its break-up. Address the questions raised here.
2. Outline the views of Professor Galbraith on the competitiveness of the U.S. economy. Does he view big business as bad? Indicate why you agree or disagree with the Galbraithian view of our modern economy.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.