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Production of health care generated positive externalities

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If the production of health care generated positive externalities, the welfare costs of moral hazard would be smaller than suggested by M. Pauly's analysis. Explain.

Reference no: EM131439868

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Production of health care generated positive externalities : If the production of health care generated positive externalities, the welfare costs of moral hazard would be smaller than suggested by M. Pauly's analysis. Explain.
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