Government Intervention 1.Describe a real example of failure in a health care market that you believe justifies government intervention?Choose any
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Government Intervention

1.    Describe a real example of failure in a health care market that you believe justifies government intervention?  Choose any health care market.

2.    Explain the cause of market failure, related to the underlying assumptions of competitive markets. 

3.    Why do you believe government intervention is necessary?  Recommend the government intervention necessary to correct the market failure. 

4.    Is market failure the only reason for government intervention in this market?  Can you think of a market where there is no market failure but government intervention may be appropriate?

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