(Figure: Market for Vaccines) The figure represents themarket for vaccines with external benefits. The efficient levelof output is ________ vaccines, which is ________ than themarket's output.
A) 1,200; greater
B) 1,800; less
C) 2,400; greater
D) 1,800; greater
Correct Answer:
Verified
Q31: Private markets fail to reach a socially
Q32: The Centers for Disease Control and Prevention
Q34: The market price for Good X is
Q35: Q37: Figure: Market for Vaccines Q38: External costs caused by the use of Q39: Social surplus is consumer surplus: 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![]()
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A)minus producer surplus.
B)plus