Sunday, October 28, 2007

Unit 2: Market failure and vaccination

The Department of Health has announced more girls are to be vaccinated against cervical cancer virus HPV according to this BBC clip and article.
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a) Which type of market failure does this current low level of vaccination represent?
b) Using a diagram explain how the market for vaccination currently fail fails
c) Explain the measures the government is taking to overcome the market failure
d) To what extent do you believe these government actions will overcome the market failure

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