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(a) What market failures are encountered in providing health insurance? What effect do they have? (10 marks) (b)Why would knowledge of moral hazard be of
- (a) What market failures are encountered in providing health insurance? What effect do they have?
(10 marks)
- (b)Why would knowledge of moral hazard be of benefit to a banking regulator? How could the situation beimproved?
(10 marks)
- (c)The regulation of natural monopoly involves three interrelated strands: pricing, access and quality of service. Explain the main economic elements of eachstrand.
(40 marks)
- (d)You have been asked to explain to the Minister the advantages and disadvantages of regulating psychologists. Using the material you have encountered on this course, prepare a brief report for theMinister
(40marks)
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