Figure 4-20
Figure 4-20 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 4-20.What is the economically efficient output level?

Question

Figure 4-20
  Figure 4-20 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 4-20.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 4-20 Figure 4-20 Shows the Market for Measles Vaccinations