Vaccines benefit the person who is vaccinated but they also create an external cost for others.
Correct Answer:
Verified
Q226: The Coase theorem says that if transaction
Q227: Overproduction occurs in the presence of a
Q228: An externality is either an external cost
Q229: If transaction costs are low and property
Q230: External costs cause deadweight losses, whereas external
Q232: External benefits lead to inefficient market outcomes.
Q233: If the government subsidizes activities with external
Q234: Government subsidies for goods that generate external
Q235: If the private benefit of getting a
Q236: The efficient equilibrium is always equal to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents