If provision of vaccines is left to a private market with no adjustment for the positive externality effect, which of the following are true? Choose one or more: DA Too many people get vaccinated. OB. Too few people get vaccinated. OC. The government could correct for the market failure by imposing a tax. OD. There is a deadweight loss E. The government could correct for the market failure by providing a subsidy.
If provision of vaccines is left to a private market with no adjustment for the positive externality effect, which of the following are true? Choose one or more: DA Too many people get vaccinated. OB. Too few people get vaccinated. OC. The government could correct for the market failure by imposing a tax. OD. There is a deadweight loss E. The government could correct for the market failure by providing a subsidy.
Chapter3: Analyzing Medical Care Markets
Section: Chapter Questions
Problem 3QAP
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