Multiple Choice
Suppose that the marginal private benefit of a new vaccine could be measured as . Suppose that the marginal social benefit could be measured as . Suppose that the private marginal cost curve could be measured as . What quantity represents the optimal societal consumption of the vaccine?
A) 4 units.
B) 5 units.
C) 6 units.
D) 10 units.
Correct Answer:

Verified
Correct Answer:
Verified
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