-The figure above shows the market for annual influenza immunisations in Australia. The efficient quantity of immunisations is

Question

Quizplus · Accepted Answer

The efficient quantity of immunisations is determined where the marginal social benefit equals the marginal social cost. In the context of the market for influenza immunisations, this typically occurs at a higher quantity than the private market equilibrium due to positive externalities. Hence, 22 million per year is likely the efficient quantity.

-The Figure Above Shows the Market for Annual Influenza Immunisations