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[Solved] Suppose there are 50 consumers of a public good. Each consumer has an identical inverse demand function given by P=20-2 Q, where Q measures the

Question: Suppose there are 50 consumers of a public good. Each consumer has an identical inverse demand function given by $P=20-2 Q$, where $Q$ measures the number of units of the good and $P$ is the price in dollars.

If the marginal cost of the public good is $200 per unit, what is the economically efficient level of production of the public good?
How large are the net benefits?
Show your answer on a well labeled graph.

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[Solved] Suppose there are 50 consumers of a public good. Each consumer has an identical inverse demand function given by P=20-2 Q, where Q measures the

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