Question

Choose the correct statement.

A. "The competitive market for healthcare is fair because those who are willing and able to pay receive more than enough medication attention."

B. The marginal social benefit from healthcare exceeds the willingness and ability to pay.

C. The people who are​ fit, health, and able to earn an average or better than average income are the people who bear the deadweight loss from a competitive market in healthcare.

D. The competitive market for healthcare creates a deadweight loss but this loss is fair because it falls on the people who can afford to pay high healthcare premiums.

Answer 1

Answer:

B. The marginal social benefit from healthcare exceeds the willingness and ability to pay.

Explanation:

(Healthcare creates social benefits for the society so the marginal social benefit from healthcare is greater than the willingness and ability to pay for it as willingness to pay does not account for the external benefits of the healthcare.)