Figure 11.8 Figure 11.8 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 11.8.What is the market equilibrium output level?

Question

Figure 11.8  Figure 11.8 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 11.8.What is the market equilibrium output level?

Quizplus · Accepted Answer

At the market equilibrium output level, the quantity supplied equals the quantity demanded. In Figure 11.8, this occurs at output level Q1.

Figure 118 Figure 11