lets say that the first welfare theorem lays out the assumptions under which the equilibrium in a market is efficient.
Posted: Fri Jul 01, 2022 8:13 am
lets say that the first welfare theorem lays out the assumptions under which the equilibrium in a market is efficient. for the sake of discussion that the first welfare theorem holds in the health care market. Use the concept of the second welfare theorem to explain whether or not the first welfare theorem holding rules out the need for any government intervention in the health care market