Multiple Choice
The market for flu shots is given by the following inverse demand and supply equations:
P = 40 - 0.40Q
P = 0.40Q
Where P is the price per flu shot and Q measures the daily quantity of flu shots. The external marginal benefit of a flu shot is $8. The socially optimal number of daily flu shots is:
A) 60.
B) 50.
C) 140.
D) 35.
Correct Answer:
Verified
Correct Answer:
Verified
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