sold in a free market the vaccine would cost ["", "", "", "", "", ""] . If the free market were used to allocate the 3 doses of the vaccine: Bernie Sanders ["", ""] get vaccinated. Alexandria Cortez ["", ""] get vaccinated.
If only 3 doses of the vaccine were available and sold in a free market the vaccine would cost ["", "", "", "", "", ""] .
If the free market were used to allocate the 3 doses of the vaccine:
Bernie Sanders ["", ""] get vaccinated.
Alexandria Cortez ["", ""] get vaccinated.
Elizabeth Warren ["", ""] get vaccinated.
Greta Thornburg ["", ""] get vaccinated.
Jose Illegal ["", ""] get vaccinated.
Archie Bunker ["", ""] get vaccinated.
Those who got the vaccine through the free market paid a price less than the value of the vaccine to them. Distributing the vaccine using a free market is an example of ["", "", "", ""] .
Using the free market, the existing supply of the vaccine was distributed in such a way that ["", ""] overall deaths from the virus.
If the government controlled the 3 doses of the vaccine and gave them to those most likely to die if infected regardless of their wealth, race, immigration status, or political power:
Bernie Sanders ["", ""] get vaccinated.
Alexandria Cortez ["", ""] get vaccinated.
Elizabeth Warren ["", ""] get vaccinated.
Greta Thornburg ["", ""] get vaccinated.
Jose Illegal ["", ""] get vaccinated.
Archie Bunker ["", ""] get vaccinated.
With this distribution method, the people who get the vaccine ["", ""] different than those that would receive them in a free market.
If the government controlled the 3 doses of the vaccine and gave them to the politically powerful:
Bernie Sanders ["", ""] get vaccinated.
Alexandria Cortez ["", ""] get vaccinated.
Elizabeth Warren ["", ""] get vaccinated.
Greta Thornburg ["", ""] get vaccinated.
Jose Illegal ["", ""] get vaccinated.
Archie Bunker ["", ""] get vaccinated.
With this distribution method, deaths ["", ""] minimized and the vaccine ["", ""] to those who have the highest willingness to pay.
Finally, consider Archie Bunker and Jose Illegal. Under all 3 methods, they ["", ""] .
![**Demand Schedule for Vaccine**
The table below depicts individual and market demand for a vaccine across different price points. It outlines the willingness to purchase by several individuals and aggregates their demand into a market demand.
| Price | Bernie Sanders (Age 80) | Alexandria Cortez (Age 31) | Elizabeth Warren (Age 71) | Greta Thornburg (Age 18) | Jose Illegal (Age 25) | Archie Bunker (Age 65) | Market Demand |
|--------|------------------------|----------------------------|--------------------------|--------------------------|----------------------|----------------------|----------------|
| $10,000 | 1 | 0 | 1 | 0 | 0 | 0 | 2 |
| $9,000 | 1 | 0 | 1 | 0 | 0 | 0 | 2 |
| $8,000 | 1 | 0 | 1 | 0 | 0 | 0 | 2 |
| $7,000 | 1 | 0 | 1 | 0 | 0 | 0 | 2 |
| $6,000 | 1 | 0 | 1 | 0 | 0 | 0 | 2 |
| $5,000 | 1 | 0 | 1 | 0 | 0 | 0 | 2 |
| $4,000 | 1 | 0 | 1 | 0 | 0 | 0 | 2 |
| $3,000 | 1 | 0 | 1 | 1 | 0 | 0 | 3 |
| $2,500 | 1 | 0 | 1 | 1 | 0 | 0 | 3 |
| $250 | 1 | 1 | 1 | 1 | 1 | 1 | 6 |
| $100 | 1 | 1 | 1 | 1 | 1 | 1 | 6 |
| $1 | 1](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F56c28172-bd9f-4018-84c3-9f551465e754%2F84b716e0-abf1-4482-b00e-829eb1fc5139%2Fsh9n96r_processed.png&w=3840&q=75)
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