In October of 2004, the supply of flu vaccine fell by over 50 percent when a major
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In October of 2004, the supply of flu vaccine fell by over 50 percent when a major producer of the vaccine was shut down. 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)
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