What policy-making challenge does this event

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During the first year of COVID-19, there weren't enough high-quality masks to protect health care workers. Without help at the federal level, hospitals that could hoarded masks, while other hospitals competed against each other to buy what was available. This drove the prices of masks much higher and hurt the budgets of hospitals, states, insurance companies and individuals across the U.S. What policy-making challenge does this event best illustrate?

Tragedy of the commons Benefits vs. harms Balance of interests

Benefits vs. harms Federalism

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