Vaccine is developed for highly contagious strain of flu
Course:- Microeconomics
Reference No.:- EM13700142

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Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine.

a. Private incentives will lead to _____­­_ people receiving the vaccine at a cost of ___.

b. If the flu vaccine is provided by private markets, deadweight loss will be ________.

c. The socially optimal number of vaccines is _____. This externality could most effectively be corrected by _______________________.

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