Assume the society consists of three individuals Sue, Jen and Chris

Economics Dec 11, 2020

Assume the society consists of three individuals Sue, Jen and Chris. Their demand functions for the number of streetlights as follows I 0.= 24 - Ap. Q = 48-6p. Q = 72-12p, Determine whether the streetlight is public good? Explain in Ir the marginal cost of providing streetlight is constant at 58. how many stretch should be provided so that the provision of this public dis patto efficient low much each individuals will pay the climas of

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