d. Explain why the government might choose to subsidize
vaccinations (or perhaps even provide them for free). Are
there both efficiency and equity motivations for
government involvement in this market?
7. What market failures does public support of higher education
seek to remedy? How would you go about evaluating whether the
benefits of this support outweigh the costs?
8. For each of the listed goods, indicate whether they are rivalrous
or non-rivalrous, and whether the use of them is excludable or
non-excludable.
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