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Title: Medical research that results in a cure for a serious disease produces positive externalities. What ... Post by: trea48 on Oct 9, 2019 Medical research that results in a cure for a serious disease produces positive externalities. What is the impact of this positive externality on economic efficiency? ▸ At equilibrium, more than the economically efficient quantity of medical research is produced. ▸ At equilibrium, less than the economically efficient quantity of medical research is produced. ▸ A deadweight loss occurs because at equilibrium the marginal social cost equals the marginal social benefit. ▸ A deadweight loss occurs because at equilibrium the marginal social cost of medical research is greater than the marginal social benefit. Title: Medical research that results in a cure for a serious disease produces positive externalities. What ... Post by: Mtoney9 on Oct 9, 2019 Content hidden
Title: Medical research that results in a cure for a serious disease produces positive externalities. What ... Post by: trea48 on Oct 9, 2019 Thank you
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