Use your demand schedule for a public good, determined in question 1, and the following supply schedule
Question:
P Qd
$19 ......... 10
16 ......... 8
13 ......... 6
10 ......... 4
7 ......... 2
4 ......... 1
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Optimal quantity 4 It is optimal because ...View the full answer
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Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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