a. Suppose the service is pure private good and is sold in a competitive market with the
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b. Suppose the service is a pure public good with the only consumers being the four people whose marginal benefits are shown in the table. What is the marginal social benefit of two units of the service?
c. If the marginal social cost of the good is $2,000, what is the efficient output assuming that it is a pure private good?
d. If the marginal social cost of the good is $2,000, what is the efficient output assuming it is a pure public good?
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