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A vaccine against COVID offers hope. Do you think it would be a good idea to allow the companies who have invented the vaccines to

A vaccine against COVID offers hope.

  1. Do you think it would be a good idea to allow the companies who have invented the vaccines to sell them at whatever price they choose? Justify your answer.
  2. Do you think it would be a good idea for the price of the vaccine to be equal to the marginal cost of producing it? Justify your answer.
  3. Suppose the government makes the vaccine free but, even then, not enough people choose to have the vaccination. What policies would you recommend to the government in this case and why?

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