-The figure above shows the market for polio vaccination in Pakistan.Polio vaccination confers an external benefit because one person's vaccination makes it less likely that other people will catch polio.
a.If the market is competitive and left unregulated,how many doses of vaccine will be administered?
b.If the Melinda and Bill Gates Foundation underwrites the cost of the vaccine by paying for a large fraction of the preparation and delivery cost,what will happen to the number of doses administered? Why?
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