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Author Question: Assume that the price overestimates the value that society places on the flu vaccine. If firms ... (Read 31 times)

Metfan725

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on: Apr 19, 2019

Question 1

Sources of market failure include


◦ external benefits.
◦ external costs.
◦ public goods.
◦ All of these are correct.

Question 2

Assume that the price overestimates the value that society places on the flu vaccine. If firms produce where 
P = 
MC, firms will be producing ________ the socially efficient amount of flu vaccine.


◦ exactly
◦ more than
◦ less than
◦ sometimes more than and sometimes less than
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Metfan725 on Apr 19, 2019

tsternbergh47

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Metfan725

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

ricroger

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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