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:

Uncertain

The state of being unsure or having doubts about something, often due to a lack of information.

Predictable

The characteristic of an event, outcome, or behavior that can be anticipated or expected based on certain patterns or prior knowledge.

Lead User

An innovative customer who modifies or uses products in a new way, leading trends and offering valuable insights for product development.

Netnography

A qualitative research methodology that adapts ethnographic techniques to study cultures and communities online.