Figure 7-1
Figure 7-1 represents the market for vaccinations. Vaccinations are considered a benefit to society, and the figure shows both the marginal private benefit and the marginal social benefit from vaccinations.
-Refer to Figure 7-1.At the market equilibrium,
A) the marginal social benefit is equal to the marginal cost.
B) the marginal social benefit is greater than the marginal cost.
C) the marginal social benefit is less than the marginal cost.
D) the marginal social benefit is zero.
Correct Answer:
Verified
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