Answer Happy

1. If left to the private market, and consistent with the textbook definition, the flu vaccine (finish with the best answer): would be underproduced, all else held constant a b. simply cannot be priced as a private or public good should be taxed C 2. Which of the following characteristics best explains the argument for health care to be subsidized according to economic theory? health care is so important that it needs management by a central authority health care generates benefits beyond those captured in the private market health care generates costs beyond those captured in the private market a b c