Solved

Getting a Flu Shot Reduces the Chances of Spreading the Illness

Question 17

Multiple Choice

Getting a flu shot reduces the chances of spreading the illness to one's classmates and friends. Why, then, is this considered a market failure due to external benefits?


A) because the number of people who obtain flu shots is less than the socially optimal quantity
B) because too many people actually get the flu shot
C) because flu shots are not 100% effective
D) because flu shots are priced too high relative to the cost of producing them

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents