Compare the allocation outcome with a free market outcome


Problem

In October of 2004, the supply of flu vaccine fell by over 50 percent. The result was that the vaccine had to be rationed, with a priority schedule established: young children, people with weakened immunity, those over 65, etc., taking priority.

a. Compare and contrast this allocation outcome with a free market outcome.

b. Which alternative is more just? (Institutionalist)

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Compare the allocation outcome with a free market outcome
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