Operation Warp Speed was a U.S. government program at the start of COVID-19 that offered -$18...

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Operation Warp Speed was a U.S. government program at the start of COVID-19 that offered -$18 billion in research subsidies to pharmaceutical companies developing the COVID-19 vaccine. Once the vaccine was developed, many governments (including the U.S.) made the vaccine available to the public for no charge. In a brief essay, explain the economic logic involved in subsidizing and making directly available the COVID-19 vaccine. Operation Warp Speed was a U.S. government program at the start of COVID-19 that offered -$18 billion in research subsidies to pharmaceutical companies developing the COVID-19 vaccine. Once the vaccine was developed, many governments (including the U.S.) made the vaccine available to the public for no charge. In a brief essay, explain the economic logic involved in subsidizing and making directly available the COVID-19 vaccine.

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The Warp Speed program arises from the administrations desire to smash the 12 to 18month timeline often quoted for developing a COVID19 vaccine which itself is optimistic Analysts and others have pred... View the full answer