In the accompanying graph showing the market for health care, MC represents marginal costs of health care. MB _private is the private marginal benefits of health care, and MB _social is the social demand curve and represents the social marginal benefits of health care. Given the situation depicted in the graph,

a. Without intervention, the market will generate the socially optimal level of health care.

b. Without intervention, the market will generate too great a level of health care from a social efficiency perspective. 

c. Without intervention, the market will generate too low a level of health care from a social efficiency perspective. 

d. Without intervention, the market won't generate any health care.

Transcribed Image Text:

64 4 MB private annoy MB social 6 8 10 Quantity (units of healthcare per period) MC 12