Figure 5-6 Figure 5-6 Shows the Market for Measles Vaccinations, a Product

question 251

Multiple Choice

Figure 5-6

Figure 5-6 shows the market for measles vaccinations, a product whose use generates positive externalities.
-Refer to Figure 5-6.Why is there a deadweight loss?

• A)because the marginal private benefit for each additional unit between Q₁ and Q₂ exceeds the marginal cost
• B)because the marginal private cost for each additional unit between Q₁ and Q₂ exceeds the marginal private benefit
• C)because the marginal social cost for each additional unit between Q₁ and Q₂ exceeds the marginal social benefit
• D)because the marginal social benefit for each additional unit between Q₁ and Q₂ exceeds the marginal cost

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Definitions:

Imitates Behaviour

The action of mimicking or replicating the actions, mannerisms, or habits of another individual or group.

Observational Learning

The process of observing and imitating the behavior of others.

Self-regulation

The ability of an individual to manage their own thoughts, feelings, and behaviors to achieve long-term goals.

Reinforce Themselves

The process whereby actions or behaviors are naturally strengthened or encouraged without external intervention.