"Providing health care is obviously a public good. If one person becomes ill and doesn't receive treatment, that person may infect many other people. If many people become ill, then the output of the economy will be negatively affected. Therefore, providing health care is a public good that should be supplied by thegovernment."
Health care, as a good, is best described by:
A.
Health care should be supplied by the government because it generates positive externalities.
B.
Health care should not be supplied by the government because the private market preserves incentives to improve health care with innovation and medical technology.
C.
Health care
shouldshould
be supplied by the government because consumers pay a price well above the true cost of providing the service.
