Using the graph, the closing gap between MB private and MB social as years of health care
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Using the graph, the closing gap between MB private and MB social as years of health care increases private implies that
a. The negative externality associated with healthcare must grow as more health care is obtained.
b. The negative externality associated with health care must shrink as more health care is obtained.
c. The positive externality associated with health care must grow as more health care is obtained.
d. The positive externality associated with health care must shrink as more health care is obtained.
e. There must be an error in the graph.
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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