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SECTION B: Essay Question (80%) The Malaysian government intend to set a ceiling price and sales guidelines for the Sinovac Covid-19 vaccine by private parties

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SECTION B: Essay Question (80%) "The Malaysian government intend to set a ceiling price and sales guidelines for the Sinovac Covid-19 vaccine by private parties beginning August". (www.theedgemarkets.com) With regards to the above statement, you are required to describe the Covid-19 vaccine market, explain the reasons and consequences for allowing the private parties to provide the vaccine, and also discuss the possible impact of the ceiling price set for the Covid-19 vaccine. Structure Maximum words limit Describe the Covid 19 vaccine market structure. 500 Explain the reasons and the consequences for allowing the 500 private parties to provide the vaccine. Explain the term ceiling price. 100 Discuss the possible consequences of the ceiling price for the 700 Covid-19 vaccine. Make sure to use suitable examples. evidence, and diagrams. Conclusion 200 Total 2,000

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