QUESTION 1 A potential vaccine for the coronavirus, COVID-19, can be classified as a public good....

QUESTION 1
A potential vaccine for the coronavirus, COVID-19, can be classified as a public good. (a) Debate this in terms of health care provision in South Africa and use a table to compare the key characteristics of pure public good and private good. (b) Illustrate the equilibrium of a pure public good using a demand and supply diagram. (c) Why would the private sector not provide public goods at the equilibrium price and quantity?

Expert Solution

(a)

Rahul Sunny answered 9 months ago

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