Title: RegulationThe graph shows the marginal cost (MC), the marginal benefit (MB), and the marginal social ...
Post by: helpmeplease1 on Nov 14, 2022
Regulation
The graph shows the marginal cost (MC), the marginal benefit (MB), and the marginal social benefit (MSB) of getting a flu shot.
Assume that P1=$1.65, P2=$4.00, P3=$6.00, P4=$8.35, Q1=320 and Q2=765. Suppose the government regulates the market to achieve economic efficiency. What is the economically efficient price? What price do consumers pay?
▸ $1.65, $6.00
▸ $4.00, $8.35
▸ $6.00, $1.65
▸ $8.35, $4.00
The graph shows the marginal cost (MC), the marginal benefit (MB), and the marginal social benefit (MSB) of getting a flu shot.
Assume that P1=$1.65, P2=$4.00, P3=$6.00, P4=$8.35, Q1=320 and Q2=765. Suppose the government regulates the market to achieve economic efficiency. What is the economically efficient price? What price do consumers pay?
▸ $1.65, $6.00
▸ $4.00, $8.35
▸ $6.00, $1.65
▸ $8.35, $4.00
Title: RegulationThe graph shows the marginal cost (MC), the marginal benefit (MB), and the marginal social ...
Post by: carducb on Nov 14, 2022
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