Question: Explain the relationship between Lindahl equilibrium and efficiency in the production of a collective consumption good. Q1: Does Lindahl equilibrium necessarily imply that the good

Explain the relationship between Lindahl equilibrium and efficiency in the production of a collective consumption good.

Q1: Does Lindahl equilibrium necessarily imply that the good is being produced efficiently?

Q2: Does efficiency in the production of the good necessarily imply Lindahl equilibrium?

Q3: How is Lindahl equilibrium beneficial to the political process of agreeing on the quantity of public sector output? Use a graph to illustrate your answer.

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