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Economics

The government of Mexico City recently began distributing the drug Viagra at a highly subsidized price to low-income elederly men. Suppose that the government gives each repipient six pills per month at a price of $1 per pill, and the market price is $10 per pill. Can we conclude that an individual participating in the program would be worse off if provided with a cash grant of $50 instead of the viagra?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9450624

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