
Figure 5-6
Figure 5-6 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 5-6.Why is there a deadweight loss?
A) because the marginal private benefit for each additional unit between Q₁ and Q₂ exceeds the marginal cost
B) because the marginal private cost for each additional unit between Q₁ and Q₂ exceeds the marginal private benefit
C) because the marginal social cost for each additional unit between Q₁ and Q₂ exceeds the marginal social benefit
D) because the marginal social benefit for each additional unit between Q₁ and Q₂ exceeds the marginal cost
Correct Answer:
Verified
Q61: Figure 5-6 Q62: Figure 5-6 Q63: An externality is an example of a Q64: An externality refers to economic events outside 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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