The social cost of antibiotic consumption equals the private cost of producing antibiotics plus the cost of increased bacterial resistance to antibiotics.

Question

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The social cost of antibiotic consumption includes both the private cost of producing antibiotics (which is borne by the pharmaceutical companies) and the cost of increased bacterial resistance to antibiotics, which affects society as a whole. This includes the cost of treatment for drug-resistant infections, loss of productivity and economic output, and increased mortality.

The Social Cost of Antibiotic Consumption Equals the Private Cost