Suppose That the Private Cost of Using Antibiotics Is Less

question 51

Multiple Choice

Suppose that the private cost of using antibiotics is less than its social cost-we would then expect people to ________ antibiotics, leading to an ________ market outcome.

• A) overuse; inefficient
• B) underuse; inefficient
• C) overuse; efficient
• D) make efficient use of; equilibrium

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Definitions:

Self-Selected Stakeholder

A person who chooses themselves to have an interest or investment in an initiative or project without being appointed or elected.

Mentor

An experienced and trusted advisor who provides guidance, knowledge, and support to less experienced individuals or startups.

Compatriot

An individual from the same country as another person.

Impression Management

The process by which individuals attempt to control the impression others form of them, especially in social and professional settings.