Consider the vaccine for human papillomavirus (HPV), a sexually transmitted disease that causes cervical cancer and genital warts.
a. Why might an HPV vaccine generate positive externalities?
b. Draw a graph of the HPV vaccine market, illustrating the demand curve, social demand curve, and supply curve.
c. On your graph, indicate the perfectly competitive output of vaccines and the socially optimal output.

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The Answer of Consider the vaccine for human papillomavirus (HPV), a sexually transmitted disease that causes cervical cancer and genital warts.
a. Why might an HPV vaccine generate positive externalities?
b. Draw a graph of the HPV vaccine market, illustrating the demand curve, social demand curve, and supply curve.
c. On your graph, indicate the perfectly competitive output of vaccines and the socially optimal output.

Consider the Vaccine for Human Papillomavirus (HPV), a Sexually Transmitted