-The figure above shows the market for annual influenza immunisations in Australia. If the government does not intervene in this market, the number of immunisations per year is ________ and the efficient number of immunisations per year is ________.

Question

Quizplus · Accepted Answer

The efficient number of immunisations is where the social benefit equals the social cost, which is higher than the equilibrium quantity without government intervention. This suggests that without intervention, the market under-provides immunisations compared to the efficient level.

-The Figure Above Shows the Market for Annual Influenza Immunisations