If the firm that has the best vaccine for Covid 19 were to set its price and quantity in a market, what would be the likely result? Why?  

 

The firm that has the best vaccine for the Covid-19 would set Price and quantity where t marginal cost of providing the vaccine is equal to the Marginal revenue for the vaccine as they would act as a monopolist to maximize their profits.

Therefore in this case, the price would be really high and the quantity would be lower than the efficient level. Government would need to promote the producers in order for them to produce an effective level.