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Consider the flu vaccine. Getting the flu vaccine provides both a private benefit and an external benefit to society. Suppose the external marginal benefit schedule
Consider the flu vaccine. Getting the flu vaccine provides both a private benefit and an external benefit to society. Suppose the external marginal benefit schedule for flu vaccines is given as: EMB = 100-2Q, where Q is the number of flu vaccines. Suppose 10 flu shots are given. The external benefits to society when Q = 10 is
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
