Learning Goal: I’m working on a micro economics discussion question and need a sample draft to help me learn.. Briefly answer the following questions.(a) We showed in class that the perfectly competitive market economy produces a ParetoEfficient allocation of resources. What are the reasons we may still not like the marketallocation?(b) Prove that indifference curves cannot intersect.(c) Some vaccines are mandatory (i.e., children cannot be enrolled in school unless they arevaccinated). What is the rationale for mandatory vaccination? (d) Define first degree price discrimination. Does it reduce welfare? Why or why not?
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