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am7272

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Problems within the Industry and Their Effect on the Larger Economy

The graph shows the supply curve (S=MC), the demand curve (D=MB), and the marginal social benefit curve (MSB) in market for vaccinations.

Assume that P1=$1.05, P2=$2.95, P3=$3.80, P4=$4.90, Q1=175, and Q2=395. The market for vaccinations has a ________ (negative/positive) externality that results in a deadweight loss of ________.
Please round your final answer to two decimal places.
◦ negative, $93.50
◦ positive, $93.50
◦ positive, $214.50
◦ negative, $214.50


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Marked as best answer by am7272 on Nov 23, 2022

kyledifference

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am7272

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it


bdobbins

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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