Figure 5-6 Figure 5-6 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 5-6. What is the economically efficient output level?

Question

Figure 5-6  Figure 5-6 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 5-6. What is the economically efficient output level?

Quizplus · Accepted Answer

The economically efficient output level is where marginal cost equals marginal benefit, which is typically represented by Q₂ in economic diagrams.

Figure 5-6 Figure 5-6 Shows the Market for Measles